Disney CEO Bob Chapek Says There’s Definite Interest in Buying Out Comcast’s Shares in Hulu
thewrap.cominterview with Variety when asked about buying out Comcast before the contractual deadline. “But that depends on the propensity for the other partner to be willing to have discussions that would bring that to fruition earlier.”On the current timeline, Disney — which owns 67% of Hulu — would take over the remainder of the shares in 16 months, for a still-undecided price.
Historically, it has been unclear exactly where Disney stood on the matter, with a former Hulu staffer recently telling TheWrap that the streamer hasn’t been considered a “top company priority” since it was purchased in early 2019.However, recent price raises for Hulu’s ad-supported and ad-free tiers and its content’s incorporation into Disney+ internationally suggests otherwise.
According to Chapek, Disney intends to lean on Hulu as part of its “soft” to “hard bundle” integration plans. He said that Disney+ subscribers’ top request is for more “general entertainment,” or content that isn’t exclusively targeted at younger audiences.
Chapek said that he still sees opportunities for acquiring more Marvel, Lucasfilm and Pixar fans to the streaming service.“The No.
Read more on thewrap.com