Disney to buy remaining 33% stake in streaming service Hulu
Disney has announced that it will buy the remaining stake in streaming service Hulu, in a widely expected move. The company said on Wednesday it would acquire the 33% stake it does not own from TV giant Comcast. This would give Disney full ownership of the streaming service and the ability to incorporate it into its own Disney+ platform. Disney has been locked in battle with other streamers as profits have fallen. Completing its takeover of Hulu is expected to cost some $8.6bn (£7bn), Disney said in a statement. But it added that the move would "further Disney's streaming objectives" as it sought to boost subscriber numbers. In the US, the entertainment giant already sells Hulu as part of bundled offerings with its Disney+ and ESPN+ platforms. In the UK, some Hulu content is already available to watch via the Disney+ app, such as The Kardashians and The Bear. The price tag reflects a "guaranteed floor value" for the streaming service that was established when ...