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Disney to Acquire Full Control of Major Streaming Platform in Nearly $439 Million Deal

Disney agreed on Monday to pay Comcast an additional $438.7 million to acquire full ownership of Hulu, concluding a years-long dispute.
The deal follows Disney's earlier $8.61 billion payment for Comcast's 33% stake and resolves disagreements over Hulu's valuation that led to a lengthy appraisal.
Hulu, launched in 2008, boasts over 55 million subscribers and integrates with Disney+ to reduce churn, supporting Disney's overall streaming growth strategy.
Disney CEO Bob Iger stated the acquisition enables a "deeper and more seamless integration" of Hulu's content with Disney+ and ESPN, enhancing consumer value and engagement.
This acquisition strengthens Disney's direct-to-consumer business, positioning it for long-term growth and improved bundling benefits without altering its growth guidance for the year.

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CBS News

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Streaming wars escalate with Disney+ launch

The streaming wars are escalating, with Disney+ launching Tuesday. It's the latest streaming service competing with industry leaders, like Netflix and Hulu. CBS has CBS All Access and Apple TV+ also premiered this month. Jonathan Vigliotti reports.

3 days ago

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Observer

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Disney Now Fully Owns Hulu—What Changes are Coming for Subscribers?

Disney has completed its $9 billion acquisition of Hulu, paving the way for streaming integration, new bundles, and possible price hikes.

3 days ago·New York, United States

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Disney CEO eyes bringing Hulu to more countries

(Stock image via Unsplash) The Walt Disney Company has no interest in shutting down or parting ways with its general entertainment streaming service Hulu, despite reports that suggest otherwise, the company’s CEO affirmed in a TV interview this week. In an interview with CNBC, Disney CEO Bob Iger said the company’s intention to acquire full control of Hulu will allow it to launch the brand globally and roll out more bundling opportunities with o…

3 days ago

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Mass Live

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Disney to make final payment of $439 million for full control of Hulu

Disney will pay Comcast’s NBC Universal almost $439 million for its stake in Hulu, The Associated Press reported.The transaction gives Disney complete ownership of Hulu, allowing for more integration with the Disney+ streaming service.

3 days ago·Springfield, United States

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