CEO Bob Iger Announces Joint Hulu and Disney+ Streaming Service. What Does It Mean for Investors?
It's official. The Walt Disney Company's (NYSE: DIS) stand-alone streaming service Hulu is going away...sort of. The company announced on Wednesday that Hulu will soon be fully integrated into Disney+, although it will still be its own category within the Disney+ menu. Hulu will also replace Star in the international version of Disney+.
That's not the detail that interested investors will care the most about, however. Even more noteworthy is the fact that Disney will no longer be reporting the number of streaming subscribers for either service, or how much revenue these accounts generate every month. The decision removes two of the most closely watched metrics that investors are currently using to gauge the health of the company's increasingly important streaming business.
Here's what you need to know about all of it.
Source Fool.com
