Newsmax Reports: As part of an entertainment giant that has been struggling to connect with audiences, as indicated most recently by the flop of "The Marvels," which was criticized for its woke trailer, the streaming service Disney+ will soon be merging with the company's Hulu service, Disney CEO Bob Iger said.

According to Inside the Magic, despite its vast array of family favorites — the Marvel Cinematic Universe, the Star Wars franchise, and others — Disney+ has been struggling to compete with other streaming services such as Netflix, resulting in the loss of hundreds of millions of dollars.

Since Disney took on Florida's Gov. Ron DeSantis on his state's sex ed curriculum, the company has lost billions as customers have been turning off Disney+ and Hulu.

In March 2021, the company's market cap was roughly $358 billion. Today, it is roughly $155 billion.

According to USA Today, in October, Disney changed the pricing for their ad-free streaming services.

The ad-free version of Disney+ now costs $13.99 per month, up from $10.99 — a 30% increase — while the ad-free version of Hulu increased from $14.99 to $17.99 per month.



Disney is set to fully acquire Hulu, suggesting a shift toward consolidating its streaming assets.