Squawk on the Street Day 2 of U.S.-China Trade Talks, Disney CEO Iger Exclusive, Apple WWDC Reaction 6/10/25
Jun 10, 2025
In this discussion, Disney CEO Bob Iger delves into the strategic acquisition of Hulu, detailing how it grants Disney full control over streaming and enhances user experience. Iger highlights financial implications and the importance of subscriber growth amidst evolving market dynamics. They also touch on Apple’s underwhelming WWDC reaction and the competitive landscape impacting tech companies, including rising pressures from regulation and shifting production strategies. The conversation reveals insights into streaming strategies and the future of media.
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Disney's Streaming Turnaround Insight
- Disney's streaming business turned around from a $5 billion loss to over $1 billion profit this year. - Full control of Hulu is key to creating a seamless, bundled consumer experience to grow subs and reduce churn.
Disney's Streaming Bundle Strategy
- Disney aims to fully integrate Hulu with Disney Plus, offering a seamless one-app purchase experience. - Bundling Disney Plus, Hulu, and ESPN Plus will enhance consumer value and grow global streaming subscribers.
Disney's Linear-TV and Streaming Integration
- Disney chose to keep and integrate linear TV networks with streaming rather than divest them. - Linear networks help aggregate revenue and audiences, driving economies of scale and margin growth for Disney's streaming business.