Apparently, Disney does not just have its eye on a potential upcoming Walmart streaming service; the Walt Disney Company and Disney CEO Bob Chapek are also interested in getting more involved with Hulu!
Hulu is a streaming service that is owned by Comcast and is still technically separate from the Disney streaming service known as Disney+. However, many subscription plans that include Disney+ also now include Hulu, since Disney does have “operational control” of the streaming platform (which provides many hit TV shows and movies to consumers).
The current Walt Disney Company CEO Bob Chapek (who has made plenty of controversial decisions so far as the leader of Disney, alienating himself from many Disney fans in comparison with his predecessor Bob Iger) revealed recently that he would “love” to make Hulu a part of Disney+, instead of a separate streaming service.
However, because Comcast still owns 38% of the shares that make up Hulu, that cannot happen — until Comcast sells its shares in 2024, which it has said that it will as long as the shares are being sold at “fair market value”.
“We’d have to have full ownership of Hulu to integrate it into Disney+,” Chapek explained recently. “We would love to get to the endpoint earlier, but that obviously takes some level of propensity for the other party to have reasonable terms for us to get there. And if we could get there, I would be more than happy to try to facilitate that.”
If Disney successfully buys the rest of Hulu from Comcast — without any competitors swooping in and buying the streaming platform instead — then Disney Fanatics might be seeing Hulu as an option on Disney+ in a few years! Are you a current Disney+ and Hulu subscriber who would like to use one streaming service instead of two — or do you subscribe to Hulu and Hulu alone?