In a deal that will give Disney full control of one of the most popular streaming services, the company has agreed to buy out Comcast’s stake in Hulu for $8.61 billion. The deal is expected to close in early 2024, and once it does, Disney will own 100% of Hulu.
Disney Take Control Of Hulu
The move comes as Disney is increasingly focusing on its streaming business. The company already owns Disney+, ESPN+, and Hotstar, and with the addition of Hulu, it will have a major presence in the streaming market.
Hulu has been a success for Disney since it acquired a majority stake in the company in 2019. The service has over 45 million subscribers, and it offers a wide variety of programming, including original shows and movies, live TV, and on-demand content.
The acquisition of Hulu will give Disney a number of benefits. First, it will allow the company to consolidate its streaming offerings under one banner. This will make it easier for customers to find and watch the content they want.
Second, it will give Disney more control over the Hulu brand. This will allow the company to tailor the service to its specific needs and goals.
Third, it will give Disney access to Hulu’s library of content. This library includes popular shows like “The Handmaid’s Tale,” “Only Murders in the Building,” and “Pam & Tommy.”
Overall, the acquisition of Hulu is a major move for Disney. It will give the company a stronger position in the streaming market and allow it to offer customers a wider range of content.
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