Disney In Talks To Acquire WarnerMedia’s 10% Stake In Hulu
By Ben Pearson/Feb. 27, 2019 2:08 pm EST
Now Disney is angling for an even higher percentage and seems to ultimately have its eye on owning the entire thing outright. Previous reports suggested that they would make a play for Comcast’s remaining 30% of Hulu, something Comcast CEO Steve Burke has confirmed but resisted:
Here’s why Disney cares about Hulu:
“Disney would like to buy us out. I don’t think anything’s going to happen in the near term.”
Disney Will Use Hulu as a Home For Programming Aimed at Adults
There’s no word yet on how much Disney would pay for WarnerMedia’s 10% stake in Hulu, though Variety crunched some numbers in their report:
Maybe owning 10% of Hulu (which currently has around 25 million subscribers) simply isn’t worth Warners’ effort at this point. They’re about to launch their own streaming service later this year, so maybe the thinking is that they can make some money from a rival, cut ties with a venture they don’t have that much power over anyway, and concentrate their efforts on building a subscriber base for their own product. We’ll update this article if the two companies end up striking a deal.
