The Walt Disney Company is to acquire the 33% stake in Hulu held by Comcast, completing its takeover of the streaming service.
The deal values Hulu at $27.5 billion according to Disney, which said the transaction will be concluded by December 1.
In a statement, Disney said it expects to pay Comcast’s NBCU approximately $8.61 billion for the Hulu stake.
“The acquisition of Comcast’s stake in Hulu at fair market value will further Disney’s streaming objectives,” said Disney.
The deal gives Disney full ownership of the streaming service and the ability to incorporate it into its own Disney+ platform.
Disney gained a controlling interest in Hulu as part of its $71 billion acquisition of 21st Century Fox’s film and television assets.
Disney already sells Hulu as part of bundled offerings with its Disney+ and ESPN+ platforms.
Hulu currently has about 48.3 million subscribers, in comparison with Disney’s 146.1 million globally. By comparison, Disney rival Netflix has 247 million subscribers.
IBC Innovation Awards 2025: Nominations now open across five categories
IBC has opened nominations for this year’s Innovation Awards, recognising pioneering advances in technology and social impact in the media and entertainment (M&E) industry.
Academy updates artificial intelligence guidance for Oscars
The Academy of Motion Picture Arts and Sciences on Monday (21 Apr) announced new rules for next year’s Academy Awards, including guidance about the use of artificial intelligence.
David Bortis named interim CEO at Ateliere Creative Technologies
David Bortis, SVP of Operations at Ateliere Creative Technologies, has taken on the role of interim CEO at the media software solutions company.
.jpg)
Sports streaming piracy has gone ‘through the roof’, say police
A senior British police officer has warned that the number of UK consumers streaming sports illegally has gone ‘through the roof’.
Netflix revenues grow despite tougher economic climate
Netflix posted $10.5bn in revenue in the first three months of the year, the first quarter it hasn’t disclosed quarterly subscriber figures.
