Disney Is Buying Hulu In A Deal With Comcast

Disney Is Buying Hulu In A Deal With Comcast https://ift.tt/R9Mna4X

Disney and Comcast have agreed to give Disney full control of Hulu as it buys out Comcast's stake in the streaming platform.

Thanks to The Hollywood Reporter, we know that the deal was made alongside Comcast, which owned 33 percent of the streaming service since Disney purchased Fox in 2019. According to Disney CEO Bob Iger, "The acquisition of Comcast's stake in Hulu at fair market value will further Disney's streaming objectives."

Disney boss Bob Iger has been noncommittal on his company's plans regarding its Hulu investment, with some on Wall Street suggesting Disney may buy out Comcast's stake or sell its own stake in the Netflix rival. Now, however, Disney is moving to take over the brand entirely.

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