Previously announced to buy cable TV company Comcast's holdings in streaming video service HuluApproximately 33% equity, and then acquired all control of Hulu, Disney CEO Bob Iger said in an earlier earnings conference calldisplayThe new version of Disney+ service, which will include Hulu content, will begin testing to existing subscribers in December and is expected to be officially launched in spring 12.
However, Bob Iger also stated that the complete integration of Hulu and Disney+ content will not be complete until at least 2025. Currently, Hulu and Disney+ still operate as independent services.
In an earlier financial report, Disney said it added approximately 700 million new Disney+ users in the last quarter, bringing the total number of users to 1.12 million. It also confirmed that it will restrict password sharing among non-cohabiting family members starting in 2024 to avoid affecting its service revenue.
With the previously announced price increase for its service subscriptions, coupled with an increase in ESPN+ subscription fees, Disney expects its streaming video service to be profitable next year.
