Hot off the heels from his first earnings report after returning to Disney as CEO, Bob Iger has dropped some insight on the company’s future with Hulu.
While Disney owns a majority stake in the streaming service, one-third is owned by Comcast, whose NBCUniversal division is responsible for Peacock. A tentative deal between the two companies stated that Comcast would sell its stake to Disney by 2024, making Disney the sole owner.
But in an interview with CNBC, Iger raised eyebrows with the suggestion that Disney might instead sell off Hulu in its entirety.
He stated that “everything is on the table” in their negotiations over Hulu, and that the focus would be on family-friendly Disney+ content rather than edgier content from Hulu.
When pressed by host David Faber that the general thinking was that Disney would buy out Hulu by 2024, Iger pushed back by saying “I think I am suggesting that that is not necessarily the case.”
Should Disney sell off its majority stake in Hulu, that would leave Disney+ as its only streaming service focused on non-sports entertainment in the United States.
