Disney Takes Full Control of Hulu
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Disney CEO Bob Iger joins CNBC’s ‘Squawk on the Street’ to discuss his company agreeing to pay Comcast $438.7 million to take full control of Hulu, the company’s streaming strategy, and more.
Bob Iger positioned Disney's linear networks as an advantage over rivals like WBD and Comcast/NBCU that are spinning off their cable TV assets.
Walt Disney Co. (NYSE: DIS) shares are trading higher Tuesday after the company announced it will pay Comcast $438.7 million to acquire the company's 33% stake in Hulu.
The long and winding road of Hulu, which started out as a joint venture of NBC and Fox, has now concluded with Disney finalizing its buyout of Comcast.
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The Streamable on MSNDo recent firings indicate Hulu is on the way out?The reduction in Hulu’s workforce is just the latest indication that Disney might be thinking strategically about the streamer. What is the future like for Hulu? Disney is still slowly working through the process of purchasing Comcast’s remaining stake in the general entertainment streaming service,