Photo: Lazaro Gamio/Axios

Disney CEO Bob Iger has two top priorities. As he said on Disney's quarterly earnings call this week, the first is the integration of 21st Century Fox, which he recently acquired for $52 billion, in a deal he's hopeful will close "meaningfully earlier" than June. The second is developing online services that reach consumers directly, especially now that he'll have a majority stake in Hulu once the 21CF deal closes.

Iger made all the necessary noises about protecting minority shareholders in Hulu: NBCUniversal still owns 30%, while WarnerMedia owns 10%. But control of Hulu was one of the strategic drivers behind the 21CF acquisition, and Iger was clear that as soon as the deal closes, he's going to push Hulu toward "both global growth and investing more in content."

  • Hulu's currently losing about $1 billion per year. Iger is saying that he wants that number to go up, not down.
  • Hulu's losses aren't really losses. When Hulu pays its shareholders for new original programming, that's an expense for Hulu — but it increases the shareholders' revenues by the same amount.
  • Expect more original content like "The Handmaid's Tale" and more aggressive competition with Netflix. Fox is Hollywood's leading television studio, and Iger wants it to remain more relevant than ever in a world where a new generation has very little interest in paying hundreds of dollars a month for a cable bundle.

The bottom line: Disney is very happy with the performance of its ESPN+ product and wants to recreate that success not only with the new Disney+, for family entertainment, but also with Hulu. Between them, the three services could be a formidable competitive threat to Netflix.

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Amy Coney Barrett's immediate impact

Illustration: Eniola Odetunde/Axios

In her first week on the job, Amy Coney Barrett may be deciding which votes to count in the presidential election. By her third week, she’ll be deciding the fate of the Affordable Care Act.

Where it stands: The Senate votes on Barrett’s nomination tomorrow. If she’s confirmed, Chief Justice John Roberts is expected to swear her in at the Supreme Court within hours, an administration official tells Axios.

Texas Democrats beg Biden to spend now

Photo: Ron Jenkins/Getty Images

The Biden campaign is rebuffing persistent pleas from Texas Democrats to spend at least $10 million in the Lone Star state, several people familiar with the talks tell Axios.

Why it matters: If Texas — which has 38 electoral votes and is steadily getting more blue, but hasn't backed a Democrat for president since 1976 — flipped to the Biden column, it would be game over. But the RealClearPolitics polling average stubbornly hovers at +2.6 for Trump — and Team Biden appears more focused on closer targets.

2 hours ago - Politics & Policy

Election night in Trumpworld

Photo illustration: Aïda Amer/Axios. Photo: Chris Carlson-Pool/Getty Images

A luxe election-night watch party at the Trump International Hotel on Pennsylvania Avenue is being planned for President Trump's donors, friends and advisers — but Trump's hand in it is minimal because he's "very superstitious" — people familiar with the plans tell Axios.

The big picture: This "mecca for all things MAGA," as one adviser described it, is one of three hubs where they say Trumpworld will watch returns. The others are the war room at campaign HQ in Rosslyn, Virginia, and the White House residence, where Trump and the first lady will gather close family and advisers before heading to the hotel later that night, the sources said.