Exciting news for Disney and Hulu subscribers! Disney CEO Bob Iger has announced that Disney+ and Hulu will start merging into one app next month, with an official launch expected in early spring 2024. This move comes as Disney prepares to become the full owner of Hulu, and subscribers can look forward to accessing a wider range of content through a unified streaming experience.
The beta test for the combined Disney+ and Hulu app will roll out in December, giving subscribers a taste of the new and improved streaming experience. The official launch is set for late March 2024, allowing users to set up parental controls and get ready to explore the expanded content library. This merger marks an exciting new chapter for Disney’s streaming business, and CEO Bob Iger is optimistic about the future opportunities it will bring.
Disney took majority control of Hulu in 2019 through a “put/call” deal with the option to force a sale of the remaining stock. Last week, it was confirmed that Disney would be acquiring the remaining 33% stake in the company, solidifying its position as the sole owner of Hulu. This acquisition aligns with Disney’s streaming objectives and sets the stage for an ambitious and integrated streaming experience for subscribers.
Under the terms of the agreement, Disney will pay NBCUniversal $8.61 billion for its stake in Hulu, representing NBCU’s percentage of the guaranteed floor value set in the 2019 agreement. However, the final price that Disney has to pay may be subject to adjustment based on the equity fair value of Hulu. An appraisal process will determine the equity fair value as of September 30, 2023, and any difference between this value and the guaranteed floor value will be factored into the final price paid by Disney to NBCUniversal.
This announcement comes at a time when the streaming landscape is witnessing significant changes and competition. By combining the strengths of Disney+ and Hulu, the company aims to offer a comprehensive streaming experience that caters to a diverse audience. With the addition of more adult-oriented content from Hulu, subscribers can look forward to a wider selection of movies, TV shows, and original programming, further enriching their streaming experience.
As the unified Disney+ and Hulu app prepares to debut next year, the merger is expected to generate new opportunities for both the company and consumers. Whether it’s accessing beloved Disney classics, binge-watching popular Hulu series, or staying updated on live sports through ESPN, the combined streaming experience is poised to offer something for everyone.
Stay tuned for more updates as Disney and Hulu work towards creating a seamless and integrated streaming platform that brings the best of both worlds to subscribers around the world. With the promise of an enhanced streaming experience on the horizon, Disney and Hulu users can look forward to an exciting journey in the world of streaming entertainment.