CEO Bob Iger on Disney gaining full control of Hulu
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The CEO also said that Disney+ will "probably" emulate Netflix and stop reporting subscriber numbers at some point, he noted during a CNBC appearance.
Disney CEO Bob Iger in September 2023 suggested the company was “open to considering a variety of strategic options” for its linear businesses. It is now clear that Iger is no longer actively seeking a buyer for its traditional TV properties.
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.
Disney’s Hulu acquisition is complete, setting the stage for global expansion, stronger bundles and a new era of streaming strategy.
Disney will pay Comcast nearly $439 million to take full control of Hulu after a lengthy appraisal process, setting the stage for a unified streaming strategy with Disney+ and ESPN.