The deal to take full operational control of Hulu marks the third prong in Disney's direct-to-consumer strategy and will deliver a host of synergies for the company, Chairman and CEO Bob Iger said at the MoffettNathanson Media & Communications Summit.
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The Walt Disney Company will assume full operational control of Hulu, effective immediately, in return for Disney and Comcast Corporation entering into a “put/call” agreement regarding NBCUniversal’s 33 percent ownership interest in Hulu.
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Second-quarter revenues at The Walt Disney Company rose by 3 percent to $14.9 billion, with net income rising to $5.4 billion, on the heels of its 21st Century Fox acquisition.
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Kevin Mayer, the chairman of direct-to-consumer and international at The Walt Disney Company, touted the importance of Asia as a growth driver and discussed the strategy behind Disney+ at APOS today.
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Tehmina Jaffer has left Netflix to join The Walt Disney Co.’s direct-to-consumer and international service, which is launching the company’s new streaming platform Disney+.
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Disney has lined up a slew of global festivities to mark Mickey Mouse's 90th anniversary, including an ABC special with celebrity guests, musical performances and more.
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