(NEXSTAR) – Tired of having too many streaming apps? Disney’s CEO hopes to cut that short.
Disney currently offers three streaming services – Disney +, home to a variety of Disney shows and movies; Hulu, which offers Hulu originals and next-day episodes from multiple networks; and ESPN+, with live sports, studio shows, and series.
By the end of the year, Disney plans to create a “one app experience,” to include Hulu content on Disney+, CEO Bob Iger said in an earnings call on Wednesday. He called it “a logical progression of our DTC [direct-to-consumer] offerings,” reported CNBC.
All three of Disney’s streaming services will continue to be standalone services, according to Iger.
In addition, Disney plans to increase the cost of the ad-free Disney + plan, which is currently $10.99. The cost for that level, as well as others, was increased late last year.
Hulu subscription prices were also raised last year. Disney hasn’t said how much an app subscription costs.
Viewers in some countries have already found some Hulu content in the Disney+ app, according to The Verge.
Warner Bros. Discovery recently announced a similar plan to merge the streaming service HBO Max with Discovery +, creating Max.
Disney’s announcement comes as the company reported strong second-quarter earnings boosted by theme parks and an improving streaming business. However, the company lost 4 million streaming subscribers to its Disney+ service and its shares fell 4.5% in after-hours trading.
The entertainment giant, which is in the midst of a “strategic reorganization,” is working to cut about 7,000 jobs as part of a targeted $5.5 billion in cost savings across the company.
The Associated Press contributed to this report.
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