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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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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Speaking on an investor conference call for Q1 financials, Robert A. Iger, chairman and CEO at The Walt Disney Company, said that direct-to-consumer "remains our number one priority."
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Fourth-quarter revenues at The Walt Disney Company were up 12 percent to $14.3 billion, with net income rising by 33 percent to $2.3 billion.
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The Walt Disney Company's third-quarter results, falling short of analyst expectations, showed revenues up 7 percent to $15.2 billion, delivering a net profit of $2.9 billion, a 23-percent increase.
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