Disney, Hulu’s majority shareholder, announced on Wednesday that it will buy a third of the streaming platform for $8.6 billion from NBC Universal, a subsidiary of cable operator Comcast, to take over the entire company.
The American giant will now be the sole owner of Hulu, which it already markets in its subscriber services, including Disney+ and the sports content streaming platform ESPN+.
EYE! Disney will finally buy the percentage of Hulu that they were missing from Comcast.
With this Bob Iger could fulfill his idea of unifying the platform and thereby bringing more content to Disney Plus.
The purchase would cost Disney 8.61 billion. pic.twitter.com/Qbc1OJ41cc
— QuidVacuo (@QuidVacuo)
November 1, 2023
An ad-supported package of the three services costs $15 a month in the United States, and an ad-free version costs $25 a month.
IT IS NOW COMPLETELY YOURS! 💥 It has been CONFIRMED that #Disney acquired the platform #Hulu In its whole. The mouse company paid $8.6 billion to #NBCUniversalwith whom it shared control, to be the sole owner of the streaming service pic.twitter.com/IyU3LfpgjD
— Gaby Meza 🍿🌈 (@GabyMeza8)
November 1, 2023
The acquisition will “further Disney’s streaming goals,” the company said in a press release, and comes as it strives to increase subscriber numbers on its Disney+ streaming service.
The deal values Hulu at $27.5 billion in total, according to Disney, which said the transaction will close on December 1.
The company will release its latest quarterly results next week, offering a look at how its cable and streaming services are faring in a fiercely competitive market.
2023-11-02 14:27:41
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