Report post

Why did Disney Buy Hulu?

Disney gained control over Hulu after it bought 21st Century Fox’s entertainment assets in 2019. Like other big media companies, Disney has been struggling to address investor worries about streaming profitability and the decline of traditional television. Disney shares have been trading at about $81, down from $197 two years ago.

Will Comcast acquire Hulu?

The acquisition of Comcast’s stake in Hulu at fair market value will further Disney’s streaming objectives.

How much does Disney's Hulu deal cost?

The deal values Hulu at $27.5 billion in total, according to Disney, which said the transaction will be concluded by Dec. 1. In 2019, Disney reached a deal with Comcast to acquire a majority stake in Hulu, leaving Comcast with a 33% stake in Hulu.

The World's Leading Crypto Trading Platform

Get my welcome gifts