CEO Bob Iger on Disney gaining full control of Hulu
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The CEO also said that Disney+ will "probably" emulate Netflix and stop reporting subscriber numbers at some point, he noted during a CNBC appearance.
The long and winding road of Hulu, which started out as a joint venture of NBC and Fox, has now concluded with Disney finalizing its buyout of Comcast.
Disney’s Hulu acquisition is complete, setting the stage for global expansion, stronger bundles and a new era of streaming strategy.
Sun Valley's guest list includes media moguls like Bob Iger and Rupert Murdoch, as well as tech titans like Mark Zuckerberg and Jeff Bezos.
Disney will pay Comcast’s NBCUniversal nearly $439 million for its stake in Hulu, taking full control of the streaming service.
2don MSN
Disney has agreed to pay Comcast $438.7 million for its stake in the streaming service Hulu, concluding a years-long appraisal process.
The agreement for Comcast’s 33% stake gives Disney full control of the streamer and ends a lengthy saga for control of the service
2don MSN
The Bob Iger-run entertainment giant agreed to buy the 33 percent stake in Hulu in 2023; after an extended appraisal process, the deal is finally set to close.
Walt Disney Co. has agreed to pay Comcast Corp. an additional $438.7 million to finalize the Mouse House purchase of streaming service Hulu.