Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Entertainment

The consolidation of Disney+, Hulu, HBO Max, and Discovery+ could indicate a market shift (Chesnot/Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

May 11, 2023

Disney Begins Streaming Consolidation

Disney has announced that it plans to combine its two most popular streaming services into a single app for North American users. 

Key Details

  • The Disney Corporation held its second-quarter earnings call on Wednesday afternoon, revealing a 13% increase in revenue and plans for the future. 
  • The largest announcement was a new combined app with the full contents of Disney+ and Hulu, similar to international versions of Disney+ that provide content from both, that will launch before the end of the year. 
  • CEO Bob Iger argues that the consolidation will present new opportunities to grow advertising revenue under a single larger streaming service. 
  • Disney+ is also set to launch ad-free and lower-tier versions of the service, raising prices on the current subscription.
  • Average monthly user revenue has increased by 20% amid widespread layoffs and restructuring. 
  • Disney’s stock valuation decreased by 8.9% after investors learned that Disney+ had lost 4 million subscribers. 

Why It’s News 

Ever since Bob Iger rejoined the company in November, Disney has maintained a directive of attempting to right the ship and return profitability to a company that has become unwieldy, expensive, and suffered from hemmoraging viewership and multiple box office failures. Previous CEO Bob Chapek’s management sparked some of these problems, but others have been endemic with the company since Iger retired in 2021.

The Disney Corporation additionally continues to face a heated and ongoing feud with the Florida government, led by the governor and likely presidential candidate Ron DeSantis, which Iger chastised in the Wednesday investor call.   

In a strategic shift, Disney will be making significant changes to Disney+ to make it more profitable. The company announced Wednesday that the streaming service would be cutting back on the high volume of original content being produced for the platform and removing some existing content, as existing content needs to be driving subscriber growth. 

The move could also signal a larger shift in the digital streaming landscape. As we previously reported, every major streaming company reported losses last year, as the “streaming wars” have proven to be expensive and difficult to monetize in the long term. The recent consolidation of HBO Max and Discovery+ into the Max app could reflect a declining market for streaming and a coming period of additional consolidation between streaming services.  

Notable Quote 

“I’m pleased to announce that we will soon begin offering a one-app experience domestically that incorporates our Hulu content via Disney+ while we continue to offer Disney+, Hulu, and ESPN+ as standalone options. This is a logical progression of our [direct-to-consumer] offerings that will provide greater opportunities for advertisers while giving bundle subscribers access to more robust and streamlined content, resulting in greater audience engagement and ultimately leading to a more unified streaming experience,” says Iger.

Home / News / Disney Begins Streaming Consolidation
Share
FacebookTweetEmailLinkedIn

Related Stories

Seattle Takes The Crown For Advanced Tech Talent

by PJ Howland Leaders Staff
Tech

Oct 24, 2023

Seattle tech talent

Seattle has emerged as the metro area with the most advanced tech talent, beating out tech hubs like San Francisco and Silicon Valley.

Key Details

  • According to a new ranking by the Burning Glass Institute, Seattle has the highest proportion of advanced tech workers compared to other cities with similarly sized tech workforces.
  • The ranking evaluated 60 million high-paying, in-demand tech job postings and histories to identify cities with cutting-edge roles like AI and cybersecurity rather than legacy tech positions.
  • With tech giants Amazon and Microsoft headquartered in Seattle, the city edged out the San Francisco Bay Area, Boston, Austin, and Raleigh on the list.
  • The report found that demand for software developers and IT support specialists has declined over the past five years as companies seek more specialized tech talent.

Go deeper

FacebookTweetEmailLinkedIn

More Americans Can’t Keep Up With Car Payments

by Colin Baker Leaders Staff
Loans and Borrowing

Oct 23, 2023

car loans, used cars

A record number of Americans are behind on their car loan payments as higher interest rates and prices weigh on consumers.

Key Details

  • According to data from Fitch Ratings, 6.11% of car loans were at least 60 days delinquent in September, the highest since tracking began in the early 2000s.
  • Some interest rates on used cars can rise to as much as 21%, according to Bankrate.
  • Soaring prices and rising interest rates are squeezing consumers, making it difficult for some to keep up with their auto loans.

Go deeper

FacebookTweetEmailLinkedIn

Chevron Makes $53 Billion Deal Amid Surging Gas Prices

by PJ Howland Leaders Staff
Markets

Oct 23, 2023

Chevron Gas Deal

Chevron is acquiring Hess Corp. for $53 billion, the second significant oil producer acquisition this month as crude prices climb.

Key Details

  • Chevron is purchasing Hess in an all-cash deal worth $53 billion, including debt and preferred stock redemption.
  • This comes just weeks after ExxonMobil announced its $59.5 billion purchase of Pioneer Natural Resources.
  • With oil over $80 per barrel, major producers are using their windfall profits to acquire smaller players and boost payouts to shareholders.
  • Chevron expects the deal to close in H1 2023 pending regulatory approvals and Hess shareholder vote.
  • Hess CEO John Hess will join Chevron's board once the acquisition is complete.

Go deeper

FacebookTweetEmailLinkedIn
nike logo
Company Culture

Oct 20, 2023

Nike to Require More In-Office Days From Employees

by Colin Baker Leaders Staff
blue collar workers
Retirement

Oct 20, 2023

Explaining The ‘C+ Grade’ Retirement Ecosystem in The United States

by PJ Howland Leaders Staff
netflix building
Entertainment

Oct 19, 2023

Netflix Hiking Prices While Adding Millions of Subscribers

by Colin Baker Leaders Staff

Recent Articles

Hiring

Nov 1, 2023

Learn the Winning Answers to the Most Common Phone Interview Questions

Come to your next phone interview fully prepared

Personal Growth

Oct 30, 2023

85 Quotes on Self-Love to Boost Your Self-Esteem

Don’t fall into the trap of harsh self-criticism

Company Culture

Oct 27, 2023

What is a Sabbatical? Your Ticket to Restful Growth and Meaning

Sabbaticals can benefits both employees and businesses

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2025 Leaders.com - All rights reserved.

Search Leaders.com