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Disney now takes complete control of Hulu

Roshan Dwivedi Published on : 15 May 2019
Disney takes control of Hulu streaming service

Disney, the American media & entertainment conglomerate, announces a strategic ownership deal with Comcast to buy the stakes of Hulu, for a minimum of $27.5 billion in 2024. With this move, Comcast has become a silent investor and Disney now takes full operational control of Hulu.

Earlier, Hulu was jointly owned by 21st Century Fox, Comcast, and AT&T. But eventually, with the video streaming competition heating up, Disney is dominating the ownership of Hulu.

Bob Iger, CEO – Disney, commented: “The acquisition of Hulu will now allow the company to offer its consumers a more complete package as it will be integrated into its streaming service portfolio.”

Written by: Roshan Dwivedi

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