Telecom
Disney CEO Is Studying Hulu Stake in ‘Very Tricky’ Streaming Sector
- Company has agreement to buy Comcast’s minority stake in 2024
- CEO is now weighing whether he wants to keep the Hulu business
Bob Iger
Photographer: Martina Albertazzi/BloombergThis article is for subscribers only.
Walt Disney Co. won’t make any decisions on selling its majority ownership in Hulu or acquiring Comcast Corp.’s stake before gaining a better understanding of the streaming platform’s potential for growth and profitability.
“We’re really studying the business very, very carefully, all those competitive dynamics, with an understanding that we have a good platform in Hulu,” Chief Executive Officer Bob Iger said Thursday at a Morgan Stanley conference.