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Disney to Buy Comcast’s Hulu Stake and Take Full Control of Streaming Service

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The deal is a potentially crucial deal for Hulu, which built its audience on the lineup of shows from NBC, ABC and Fox.
The Walt Disney Company has agreed to acquire Comcast’s one-third stake in Hulu and take full control of the streaming service, the companies said on Tuesday.
The sale price would be at least $9 billion and could climb once an independent party assesses Hulu’s fair market value, the companies said.
Hulu had 28 millions subscribers at the end of April, a 12 percent increase since the end of last year. Although it is expected to lose more than $1.5 billion this year, Robert A. Iger, Disney’s chief executive, said he expected it to reach 40 million subscribers and turn a profit by around 2024.

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