Is Disney Buying Hulu?

Credit: Disney

Last week during the Walt Disney Company’s earnings call, one of the many announcements that made headlines was the plan to combine Hulu and Disney Plus on a single app. This has led some to speculate whether or not, Disney is planning to buy Hulu.Hulu Disney+ Feature

A History of Hulu

Hulu was formed in 2007 as a joint venture between Fox and NBC. The Walt Disney Company and minority partner Time Warner eventually joined in as traditional companies sought a presence in streaming services in the early days of Netflix. But over time, Disney has increased their stake in Hulu. Currently, the Walt Disney Company owns 67% of Hulu, while the remaining 1/3 is owned by Comcast. According to various media sources including The Hollywood Reporter and Deadline, it sounds like talks have already been underway and Comcast CEO Brian Roberts is open to the idea.

In the past, Disney CEO Bob Iger has said the following,  “I mentioned on the first earnings call that I did [in February] when I came back that everything was on the table, and in fact everything was on the table. I’ve now had another three months to really study this carefully and figure out what is the best path for us to grow this business.”

As it stands, both studios are struggling with their numbers and also have an ongoing writer’s strike that complicates their finances and fiscal goals.

RELATED: Could AI Write the Next Disney Movie?

Another Big Purchase By Disney?

bob iger time 100

Credit: TIME

Although some think it makes sense for the Walt Disney Company to buy out the remaining shares of Hulu, it also makes others consider CEO Bob Iger’s previous spending sprees in the past. As CEO (in his first term), he acquired Pixar, Marvel, Star Wars, and Fox, adding multiple franchises and content to add to the Disney Plus streaming service. However, some of these purchases, specifically Fox, has been criticized by some.

RELATED: Disney Dealt Another Massive Blow

Whether Disney CEO Bob Iger decides to move forward or not remains to be seen. However, if the subscription numbers continue to drop for Disney Plus, the entertainment company must do something.

Iger Disney Stock

About Steven Wilk

Steven has a complicated relationship with Disney. As a child, he visited Walt Disney World every few years with his family. But he never understood why kids his age (and older) were so scared of Snow White or Alien Encounter. He is a former participant of the Disney College Program (left early…long story), and he also previously worked in Children’s publishing, where he adapted multiple Disney movies and TV shows. He has many controversial opinions about Disney…like having a positive view of Michael Eisner, believing Return of the Jedi is superior to The Empire Strikes Back, and that Toy Story Land and Galaxy’s Edge should have never been built (at least not at Hollywood Studios). Every year for the past two decades, Steven has visited either Walt Disney World, Disneyland, Aulani or went on a Disney Cruise. He’s happy to share any and all knowledge of the Disney destinations (and he likes using parenthesis a lot…as well as ellipses…)