Speculation is afoot as to the fate of popular subscription streaming service Hulu, initially launched 15 years ago. Disney presently owns 67 percent of the company, and Comcast 33 percent. The two had agreed to come to terms of a sale by January 24, but now there is talk that Disney wants to resolve the matter sooner and is planning to buy out Comcast and integrate Hulu into Disney+, providing access to titles from Disney’s “Star Wars” and Marvel Universe franchises along with popular Hulu originals such as “Only Murders in the Building,” “The Great” and “The Handmaid’s Tale.” Continue reading Disney Could Be Planning to Create a Mega Bundle with Hulu

Disney+ outperformed its subscriber goals, helping The Walt Disney Company to 23 percent revenue growth in its fiscal second quarter, ended April 2. “Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services — with 7.9 million Disney+ subscribers added in the quarter and total subscriptions across all our DTC offerings exceeding 205 million — once again proved that we are in a league of our own,” Disney CEO Bob Chapek summarized for investors. Disney+ now reaches 137.7 million subscribers. Continue reading Disney Reports Strong Revenue and Subscriber Growth for Q2

The Walt Disney Company reported a record profit of $12.6 billion for its fiscal year, due to its hit movies, increased attendance at theme parks and a stabilized ESPN. Now the company is getting ready to introduce a new subscription streaming service that is similar to Netflix. While the rewards of the direct-to-consumer offering are potentially significant, launching such a service will entail expenses in content, technology and marketing. Disney chief executive Bob Iger recently revealed the new service’s name: Disney+. Continue reading Disney Readies Launch of New Subscription Streaming Service