SAN FRANCISCO, Nov 2 ― The Walt Disney Company yesterday announced it will buy Comcast's US$8.6 billion (RM41 billion) stake in Hulu, completing its takeover of the...
Ambassador Nazri: US State Dept displeased with PM Anwar's comments on Gaza conflict, wanted Putrajaya to sympathise with Israel
The deal values Hulu at US$27.5 billion in total, according to Disney, which said the transaction will be concluded by December 1.The California-based entertainment giant already sells Hulu as part of bundled offerings with its Disney+ and ESPN+ platforms. Disney+ finished the second three months of this year with 146.1 million subscribers, compared with just shy of 158 million in the prior quarter, the group said.
Netflix said in an earnings report that its nascent ad-supported offering was gaining traction, and the coming Disney earnings should provide insight into whether the same is true for its ad-supported tier. Disney chief executive Bob Iger said during an earnings call in August that he was confident in the company's long-term trajectory “despite near-term headwinds.”
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