Disney secures full control of Hulu in $8.6 billion deal with Comcast

The Walt Disney Company has reached an $8.6 billion deal with Comcast to fully acquire Hulu, completing its takeover of the streaming service. The acquisition will help Disney further its streaming objectives and boost subscriber numbers at its Disney+ platform. The deal values Hulu at $27.5 billion and is expected to be concluded by December 1. Disney previously acquired a majority stake in Hulu in 2019, leaving Comcast with a 33% stake. The company's upcoming quarterly earnings report will provide insight into the performance of its cable and streaming television services in the competitive market.