Disney Fiscal Q3 Reaction: The Case for Keeping Hulu

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Disney Fiscal Q3 Reaction: The Case for Keeping Hulu
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  • 📰 Variety
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On top of more than doubling its subs since 2018, Hulu makes more money per sub than the other $DIS streamers

Following Disney’sconference call Wednesday afternoon, Hulu’s position in Disney’s long-term streaming plan remained blurry.

Disney has had a majority stake and full operational control of the general entertainment platform since 2019. Comcast still maintains its 33% stake until January 2024 when it can force Disney to buy out the remaining stake for a minimum valuation of $27.5 billion. That guarantees at least a $9 billion check to Comcast, and depending on the market value of Hulu at that time, the check could be larger.

Part of that is because its identity at Disney has been confusing, and a lot of changes are coming this fall. ABC hit show “Dancing with the Stars,” which was available on Hulu after it aired on TV, will be exclusively available on Disney+. On top of that,its 2022 and 2023 broadcast and cable lineup from Hulu, which include popular shows like “Saturday Night Live” and “The Voice.

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