Disney Plus announces United Kingdom release date and the reactions are mixed

Stranger Things season 3

Stranger Things season 3

"Our solid results in the fourth quarter reflect the ongoing strength of our brands and businesses", said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company.

Disney posted stronger-than-expected results in its final quarterly report before the launch of its new streaming service offering sets off its direct-to-consumer strategy in earnest.

They also announced that the Direct-to-Consumer & International revenues for the quarter increased from $0.8 billion to $3.4 billion and segment operating loss increased from $340 million to $740 million.

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They have explained that when it is launched next week in the United States, some titles will not be available since the launch of the platform next week, such as "Coco" or "Ralph breaks the Internet", as there are still agreements with other platforms streaming like Hulu, Netflix or HBO, covering dozens of Disney titles. They've already found a wide range of people are using the app and the use of downloads to devices is popular, along with watching in 4K.

FX and Hulu have struck a new partnership... and that means several hotly anticipated FX series are moving to the streamer. Also, Hulu will now be the exclusive streaming home for more than 40 past and current FX series, and new episodes of most FX shows will be available to stream on Hulu immediately after they air. Fox Searchlight is also creating original programming for Hulu.

The slump in profits came as Disney absorbed key film and television operations of 21st Century Fox and geared up for its launch of the streaming service Disney+ that aims to compete globally against Netflix and others.

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