Disney: $8.6 Billion Hulu Deal

Hulu is a subscription streaming service that was launched in October 2007. It boasts around 48 million subscribers and features content from ABC, FX, Fox, and other established networks. The video streaming platform has its headquarters in California, USA.

The Walt Disney Company, which has a majority stake in the platform, announced on November 1, 2023, its intention to buy out Comcast, which currently possesses a 33 percent stake in Hulu. The deal is reportedly valued at $8.6 billion USD and is aimed at giving Disney complete ownership of the popular streaming platform. The acquisition is scheduled for 2024, and looks to enhance Disney’s streaming goals.

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