Is the Hulu streaming service app shutting down and merging into Disney+? Here's everything to know about Hulu and Disney's integration and the new streaming app.

Walt Disney Co. is integrating Hulu and Disney+ into one app, the entertainment company announced Wednesday. During an earnings call, CEO Bob Iger said Disney would combine the two streaming services to create a "unified app experience" that will feature entertainment, news and sports.

Disney is fully integrating Hulu into Disney+. Disney streaming employees expressed optimism about the shift to Business Insider.

Disney’s streaming revenue increased 6% and the segment turned a profit of $346 million during the three-month period ended June 28, the company reported in its quarterly earnings results Wednesday. But it was higher sales and operating profit at Disney’s domestic parks business that helped the Mouse House beat Wall Street earnings expectations for the

Disney is having a strong year, with both streaming and parks helping the company beat Wall Street’s expectations. In its latest quarterly earnings report on Wednesday, Disney said its streaming business grew by 6% and made a $346 million profit for the three months ending June 28.

Disney’s revenue and operating income were roughly in line with Wall Street’s estimates despite weaker-than-expected revenue growth at its entertainment and sports divisions. The main source of strength was domestic parks,

Disney reported quarterly results Wednesday, posting earnings that topped expectations but revenue that came in just shy of analyst projections.

Streaming turned profitable during Q3, with Disney Plus and Hulu reaching 183 million subs and streaming-related income rising to $346 million.