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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/05\/10\/disney-and-hulu-content-combine-into-one-app-later-this-year\/<\/a><\/br> In a significant move made by Disney, the company announced Wednesday that U.S. customers are getting a new app that combines Disney+ and Hulu content.<\/p>\n The company also announced that it is raising the price of the Disney+ ad-free tier later in the year.<\/p>\n During Disney\u2019s quarterly results, CEO Bob Iger revealed that the new streaming option will launch later this year. However, the company also plans to keep Disney+, Hulu and ESPN+ as standalone platforms.<\/p>\n The news comes after Disney+ lost four million subscribers<\/a> in the second quarter of 2023. Hulu gained 200,000 subs.<\/p>\n \u201cThis is a logical progression of our [direct-to-consumer] offerings that will provide greater opportunities for advertisers while giving subscribers access to more robust and streamlined content, resulting in greater audience engagement and ultimately leading to a more unified streaming experience,\u201d Iger stated during the earnings call.<\/p>\n Many of us saw the announcement coming since former Disney CEO Chapek hinted at the plans in September 2022.<\/p>\n \u201cRight now, if you want to go from Hulu to ESPN+ to Disney+, you have to go out of one app to another app. In the future, we may have less friction,\u201d Chapek told Variety<\/a> last year.<\/p>\n This also appears to support the reports that Disney will likely buy Comcast\u2019s stake in Hulu. Disney is reportedly expected to buy Comcast\u2019s stake in Hulu by either 2023 or 2024. Currently, Comcast owns 33% and Disney owns 66%.<\/p>\n The integration follows other moves made by competitors, such as Paramount+ combining with Showtime<\/a> as well as Warner Bros. Discovery<\/a> announcing its new streaming service, Max, which merges HBO Max and Discovery+ into one platform.<\/p>\n However, Disney+ will also get yet another price hike for its ad-free subscription. When the streamer launched its ad-supported plan<\/a> in December, the cost of its premium tier went up to $10.99\/month, compared to $7.99. Soon, subscribers will have to pay even more to get content with no ads.<\/p>\n \u201cThe pricing changes we\u2019ve already implemented is proven successful, and we plan to set a higher price for our ad-free tier later this year to better reflect the value of our content offerings,\u201d Iger added. \u201cAs we look to the future, we will continue optimizing our pricing model to reward loyalty and reduce churn to increase subscriber revenue for the premium add free tier and drive growth of subscribers\u2026\u201d<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nDisney+ and Hulu content to combine by year end<\/br>
\n2023-05-10 21:35:46<\/br><\/p>\n