Disney Finally Takes Full Ownership Of Hulu

Disney has announced today that it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7 million for its stake in the streaming service and settling a long-running dispute.

Reuters reports that this gives Disney complete ownership of Hulu – clearing the way for a deeper integration of the service within the Disney+ streaming service and this coming Fall’s ESPN SVOD offering according to CEO Bob Iger in a statement.

The amount goes on top of the $8.6 billion earlier payment Disney made to buy out Comcast as part of a previous minimum valuation of Hulu in which Comcast had 33% stake in 2019.

This transaction is expected to close by July 24th and follows a contractual appraisal process concluded on Monday reports Investing.com with Iger saying.

“We are pleased this is finally resolved. We have had a productive partnership with NBCUniversal, and we wish them the best of luck. Completing the Hulu acquisition paves the way for a deeper and more seamless integration of Hulu’s general entertainment content with Disney+ and, soon, with ESPN’s direct-to-consumer product, providing an unrivaled value proposition for consumers.”

Disney generates annual revenue of $94 billion, while Hulu reaches around 53 million subscribers each month.

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