disney CEO Bob Iger said Thursday that “everything is on the table” with the streaming service Hulu.
Disney owns two-thirds of the streaming service, which focuses on more adult-oriented general entertainment content such as “Only Murders in the Building” and the sci-fi thriller “Prey.” Iger wants Disney to focus on its more family-friendly franchises, such as “Frozen” and the Marvel Cinematic Universe.
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Disney is expected to buy the rest Comcast In early January 2024.
Iger’s comments on Hulu came as his told CNBC’s David Faber that he was planning to curtail Disney’s general entertainment content.
He said he is not going to speculate whether Disney is the buyer or seller of Hulu right now.
However, Iger also noted that “Streaming is the future” And that the streaming segment of the business is a top priority.
disney and comcast are gone Front Back on Hulu. Comcast made an offer to buy Disney’s 66% stake in Hulu, but Disney rejected the idea, CNBC previously reported. In May 2019, the two companies reached a tentative agreement that Comcast would sell its minority stake to Disney by 2024.
As the 2024 deadline approaches, Disney has an option to buy Comcast’s 33% stake. Disney guaranteed a minimum price of $27.5 billion for Hulu. Prior to Disney’s potential buyout, Comcast has moved shows like “Saturday Night Live” to its Peacock streaming platform.
Iger’s comments about Hulu on Thursday come after Disney 7,000 job cuts announced, with an overall reorganization of the business into three central divisions: Streaming and Media Operations, ESPN and Parks. It also said it would cut the $5.5. Billion cost. The reorganization marks Iger’s most significant action since returning to the helm in November.
Disney shares climbed nearly 3 percent on Thursday.
Disclosure: Comcast is owned by NBCUniversal, the parent company of CNBC.