Disney and Comcast have reached an agreement wherein Disney will gain complete control over Hulu by acquiring Comcast's stake in the streaming platform. This deal was made in conjunction with Comcast, which held a 33 percent ownership in the streaming service following Disney's acquisition of Fox in 2019. According to Disney CEO Bob Iger, acquiring Comcast's stake in Hulu at a fair market value will effectively advance Disney's streaming objectives.
Disney CEO Bob Iger is uncertain about the future plans for the company's investment in Hulu. Speculations have arisen that Disney may either buy out Comcast's stake or sell its own stake in the streaming platform. Nevertheless, Disney is now making moves to take full control of the brand.
The valuation of Hulu is currently being appraised and is expected to be completed by 2024. This assessment will determine the cost for Disney to acquire full ownership of Hulu, with a minimum valuation guaranteeing a price tag of at least $9 billion.
Hulu stands out among numerous streaming platforms due to its vast selection, featuring the FX streaming library, producing acclaimed originals like The Handmaid's Tale, and even partnering with Disney+ for the highly-anticipated release of the Goosebumps reboot.
Editor's P/S
1. Disney's acquisition of Hulu is a strategic move that will strengthen its position in the streaming market. Hulu has a strong track record of producing original content, and its library of FX shows is a valuable asset. The deal will also give Disney more control over the distribution of its content, as Hulu is available on a variety of platforms.
2. I am excited to see what Disney does with Hulu. The company has a lot of experience in creating successful streaming platforms, and I believe it can take Hulu to the next level. I am also curious to see how Disney integrates Hulu with its other streaming services, such as Disney+ and ESPN+.
