Disney to pay almost $439 million to take full control of streaming service Hulu
Source: Associated Press
Disney to pay almost $439 million to take full control of streaming service Hulu
By MICHELLE CHAPMAN
Updated 9:51 AM EDT, June 10, 2025
Disney will pay Comcast’s NBCUniversal nearly $439 million for its stake in Hulu, taking full control of the streaming service.
The move closes out an appraisal process that’s dragged on for a few years. Disney said in November 2023 that it was acquiring a 33% stake in Hulu from Comcast for at least $8.6 billion. That amount reflected Hulu’s guaranteed floor value of $27.5 billion, according to a regulatory filing.
Disney has run Hulu since 2019, when Comcast ceded its authority to Disney and effectively became a silent partner.
Hulu began in 2007 and quickly evolved into as a service backed by entertainment conglomerates who hoped to stave off the internet with an online platform for their own TV shows. Disney joined in 2009, planning to offer shows from ABC, ESPN and the Disney Channel. A decade later, Disney gained majority control of the business when it acquired 21st Century Fox.
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Read more: https://apnews.com/article/disney-hulu-comcast-nbcuniversal-iger-876a9d6f00ffa6c037e9527bb8532682