In a move that solidifies its position in the streaming landscape, Disney has announced plans to acquire Comcast’s remaining shares of Hulu, effectively granting the entertainment giant full ownership of the popular streaming platform. The deal, valued at approximately $8.61 billion, is expected to be finalized in 2024 following its fair market value appraisal.
This acquisition marks a significant step for Disney as it seeks to expand its reach in the competitive realm of online streamable content. Hulu’s extensive library of TV shows, movies, and original programming complements Disney’s own streaming service, Disney+, which offers a vast collection of Disney, Pixar, Marvel, and Star Wars content.
The move also aligns with Disney’s growing focus on sports content. Hulu’s live-streaming sports options and Disney’s ownership of sports media giant ESPN further strengthen the company’s position in the sports broadcasting landscape.
Disney’s strategic acquisitions and investments in streaming platforms reflect its commitment to adapting to changing consumer habits and the evolving media landscape. As the demand for streaming content continues to surge, Disney is poised to maintain its dominance in the entertainment industry.
Disney+ and Hulu, two of the most popular streaming services in the United States, have implemented price increases for their ad-free tiers. Effective October 12, the monthly cost for ad-free Disney+ rose from $10.99 to $13.99, while the ad-free tier for Hulu increased from $14.99 to $17.99.
For those seeking a more affordable option, the ad-supported tiers for both Disney+ and Hulu remain unchanged. Ad-supported Disney+ costs $7.99 per month, while ad-supported Hulu costs $6.99 per month.
Additionally, Disney introduced a new bundle that combines ad-free Disney+ and Hulu for a monthly price of $19.99. This bundle offers a slight discount compared to subscribing to each service individually.
The price increases reflect the growing demand for streaming services and the increasing cost of content production. Disney has stated that the additional revenue will invest in new programming and improve the streaming experience.
