The Walt Disney Company began the process to buy the third of Hulu shares held by Comcast. The company was already the majority shareholder.
Disney buys entire Hulu streaming service for at least $8.6 billion
Hulu
Walt Disney Company The process of purchase of a third of Hulu shares held by Comcast. This agreement will give you the full ownership of the service of streaming (of which he was already a majority shareholder) and the freedom of incorporate it into your Disney+ platform.
Under the terms of the agreement, Disney expects to pay Comcast’s NBC Universal about $8.6 billion by Dec. 1. “The acquisition of Comcast’s shares in Hulu will allow expand Disney’s goals in streaming,” the company said in a statement.
For Wall StreetDisney has prevented the expansion of Hulu outside the United States to not increase its value and thus, eventually, be able to buy out Comcast. Meanwhile, Hulu content has reached the rest of the world through the secondary platform Disney+, Star+.
In May, Disney CEO Bob Iger had mentioned plans to combine Disney+ with Hulu into “a unified streaming experience”. This could allow the company to sell combos between both platforms and obtain better profitability between both.
Disney buys EA? Pressure from executives to enter the video game industry
Since his return to the position of Disney CEO in 2022, Bob Iger tries to save the company of the fire and restore the legacy that had left him as one of the most successful executives of hollywood for its first outing in 2015. In the middle of a crisis in the world of entertainment (hand in hand with the pandemic and a string of bad business decisions together), companies cLike Disney They must look for how to stop the bleeding of income compared to technology companies (Netflix, Apple and Amazon). For some, A solution could be video games.
In that contexta report indicates that there are senior executives at Disney pressuring Iger to buy a video game publisher large size, specifically one how the company Electronic Arts (EA). The mention of EA is due to the very close relationship that both companies have had for years.
The information, published by Bloomberg, ensures that these executives want the CEO to explore the possibilities to transform the company from a video game licensee to a gaming giant with the capacity to publish high-budget games. Even so, the same article indicates that Iger has been “evasive” to this possibility.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
