Disney CEO Bob Iger says he's willing to sell Hulu.
Bob Iger, the current CEO of The Walt Disney Company, is open to selling Hulu, according to CNBC. The possibility of the sell comes in the middle of the executive's new strategy to improve the company's financial situation. After replacing Bob Chapek as CEO last year, Iger has been determined to get Disney back on track following the effects the pandemic had on the entertainment industry as a whole.
Hulu, which currently has around 47 million subscribers worldwide, is co-owned by Disney and Comcast. During the same interview, Iger stated that perhaps selling Disney's stake in the platform would be easier than attempting to buy Comcast's share of the pie: “Everything is on the table right now,” Iger said Thursday. He added that leverage isn’t a concern for Disney right now, although the company is “intent on reducing our debt over time.
COLLIDER VIDEO OF THE DAY Disney is in need of a new streaming strategy, as Disney+ lost subscribers for the first time since its launch during the last financial quarter. The platform behind shows like Moon Knight and Ms. Marvel was introduced to the market in November of 2019, and since then has been making good use of the company's famous brands and franchises.
RELATED: The Best Movies on Hulu Right NowOne of Hulu's most popular shows right now is How I Met Your Father, the modern spinoff to How I Met Your Mother which tells a love story more suited for the 2020's. Starring Hilary Duff as the hopeless romantic Sophie, the series is also based in New York City, with a new generation of young people trying to find love when it seems as an impossible task.
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