Bob Iger's potential willingness to sell Disney's stake in Hulu is a reversal of strategy
Chapek held a conversation in 2021 with Comcast CEO Brian Roberts to try to escalate the sale of Hulu, according to people familiar with the matter. Roberts floated a number of possible ideas, including Disney selling ESPN to Comcast, said the people, who asked not to be named because the discussions were private. No substantive conversations have occurred since, the people said.
Another proposition floated to Disney was to have Comcast buy out Hulu. Comcast executives believe Hulu could supercharge its streaming efforts beyond Peacock, the company's flagship streaming service, according to people familiar with the matter. They remain open to a variety of possibilities with Hulu, the people said. Peacock has about 20 million paying subscribers. Hulu has about 48 million subscribers. Both services are only available in the U.S. and U.S. territories.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney CEO Bob Iger says 'everything's on the table right now' for HuluWalt Disney Co. faces some big decisions under newly reinstalled chief executive Bob Iger, including what to do about Hulu
Read more »
Disney CEO Bob Iger on Potential Hulu Sale: ‘Everything Is on the Table Right Now’With Bob Iger back in the CEO seat at Disney, will he look to grab full ownership of Hulu from Comcast — or will the company sell its stake as it looks to refocus its streaming portfolio? Ige…
Read more »
Disney CEO Bob Iger Is Willing to Sell HuluThe platform currently has more than 45 million subscribers.
Read more »
Robert Iger Shakes Up Disney’s Entertainment Operations, Rethinks Hulu OwnershipUnder a new structure announced by Disney CEO Robert Iger, content chiefs at the TV, film and ESPN units are taking on business responsibilities
Read more »
Disney to lay off 7,000 workers, CEO Bob Iger saysThe Walt Disney Company is set to lay off 7,000 workers, CEO Bob Iger says in earnings call.
Read more »