CEO Bob Iger confirms integration plan, expects official launch in spring 2024.
These plans were initially disclosed during Disney’s second-quarter earnings call in May.
The official launch is anticipated in spring 2024.
This strategic move aligns with Disney’s commitment to enhancing its streaming business, which has shown positive growth.
In the fourth quarter of fiscal year 2023, Disney+ reached a total of 150.2 million.
Iger anticipates the streaming business to achieve profitability by the fourth quarter of fiscal 2024.
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