Disney to combine Disney+ and Hulu amid massive subscriber loss
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On Wednesday, Disney CEO Bob Iger announced the company's decision to merge Disney+ and Hulu into a single streaming app. Iger added that the firm will increase the price of its ad-free plan, which is currently available at $10.99 for American users. This decision comes in the wake of Disney's third-quarter reports, wherein the company lost about 4M subscribers while Hulu gained 2,00,000.