Hulu, ESPN+, and Disney+ will all be available as part of one subscription when the Disney+ service launches on November 12, Disney CEO Bob Iger told investors during the company's quarterly earnings call Tuesday.
In spite of this news, the crown jewel for Disney is still the Disney+ service itself that will be the streaming home for Marvel, Star Wars, Pixar and so much more content. The firm also took full operational control of money-losing streaming platform Hulu, which further eroded profits.
Growth in that sector helped lift Disney's overall revenue 33% from the prior year, up to $20.2 billion, it announced Tuesday evening.
The direct-to-consumer and global division - which includes the ESPN+, Disney+ and Hulu streaming services - saw revenue more than double to $3.86 billion. Meanwhile, HBO's upcoming HBO Max service - which is slotted for launch in 2020 - will reportedly cost $16-$17 per month.
The article also notes that while Disney reported revenue of $3.8 billion during the quarter for its Studio Entertainment division, industry analysts were expecting revenue of $4.5 billion.
Hulu used to be a joint venture between several media superplayers: Disney, 21st Century Fox, Comcast's NBCUniversal and Time Warner (now WarnerMedia and CNN's parent company). The shares closed Tuesday at $141.87, up 3%, and almost 30% this year.
Disney+ is slated to go live this November for a mere $6.99 per month. Do you think you'll be making the switch from Netflix to Disney+? Walt Disney World customers, she said, were waiting to visit the Florida park until the new Star Wars attraction opens. And that deficit is expected to rise to $900 million in the current quarter.
Christine McCarthy, Disney's chief financial officer, acknowledged on a call Tuesday that fewer annual pass holders visited the company's California resort.
The theme parks unit's overall operating income rose 4% to US$1.7bn, but declined at parks in the US.