The Uncertain Future of Hulu: Walt Disney Company CEO Bob Iger Leaves the Door Open for Possible Sale
For quite some time now, the general consensus among industry experts and analysts has been that the Walt Disney Company would eventually acquire the remaining shares of Hulu, a popular streaming service. However, recent statements made by CEO Bob Iger have cast doubt on the future of the company’s involvement with Hulu.
During a recent interview with CNBC, Iger was asked about the 2024 deadline to either purchase the remaining shares of Hulu or sell the company’s current 67% stake. To the surprise of many, the CEO responded that “everything is on the table right now” and that he and the company were “going to look at it very objectively and expansively.” This answer seems to indicate that a decision has not yet been made, and that the future of Hulu remains uncertain.
When asked about the possibility of Comcast wanting to buy Disney out, Iger stated that the company would be “open-minded.” However, given the current financial situation of the Walt Disney Company, with plans to cut content spending and 7,000 jobs, the thought of making a significant payout to acquire Comcast’s 33% stake, valued at $27.5 billion, seems unlikely.
It’s also worth considering whether Comcast has the financial resources to make such a substantial purchase, especially considering the company’s current market position. With all of these factors at play, the future of Hulu remains unknown, and it appears that the once settled idea of Disney’s full acquisition may no longer be a done deal.