Disney's Open to Selling Hulu: What Investors Should Watch
Back in 2017, when Disney (NYSE: DIS) announced its intention to buy the film and media assets of the then 21st Century Fox, the acquisition was viewed as a way for the House of Mouse to jump-start its expansion into streaming video.
One of the crown jewels of that deal was Hulu. Once the Fox deal closed, Disney owned two-thirds of the veteran streaming service, while Comcast (NASDAQ: CMCSA) held the remaining one-third. The working assumption has always been that the House of Mouse would buy out Comcast's stake as early as 2024, but Disney CEO Bob Iger raised eyebrows last week by casting doubt on the idea.
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Source Fool.com
