Nov 1, 2023
Disney to buy remaining 33% stake in streaming service Hulu
Disney has announced that it will buy the remaining stake in streaming service Hulu, in a widely expected move. This would give Disney full ownership of the streaming service and the ability to incorporate it into its own Disney+ platform. Completing its takeover of Hulu is expected to cost some $8.6bn, Disney said in a statement. The price tag reflects a "Guaranteed floor value" for the streaming service that was established when California-based Disney took over Rupert Murdoch's 21st Century Fox in a huge deal in 2019, along with a majority stake in Hulu. Under an agreement between Disney and Comcast that year, both firms had the right to force a sale of Comcast's stake in Hulu - and executives have been vocal about wanting to do a deal.
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