Disney is close to having a stake in Hulu. We are currently acquiring a 10% stake in AT & T's streaming service and will expand it.
Disney Negotiations are underway on AT & T and Hulu stake acquisition, according to Variety The sale is a deal that AT & T is close to $ 1 billion and Hulu Disney has 70% ownership "He said. Disney already owns 30% of Hulu and is acquiring 30% owned 21st Century Fox.
At a November meeting, AT & T executives said the company sold a minority stake
AT & T announced that Warner Media, owned by AT & T, is launching its standalone streaming service. With excess debt (approximately $ 183 billion), Disney has full control over real estate for which the company is interested in investing. AT & T executives will have at least $ 20 billion in debt to shareholders in 2018 alone in October 2018. Selling a minority stake in Hulu is a quick way to start the process.
AT & T focuses on WarnerMedia's upcoming streaming service, but Disney is focusing on two services: Hulu and Disney +. Disney + will be released later this year and will feature exclusive Disney movies and TV shows, but it will initially be available in the country and still has to accept family-friendly brands. Having a large share of Hulu can help streamline your streaming services and help you reach more people. What Bob Iger CEO said in a conversation with the previous investor.
"After trading and securing 60% ownership, we meet with Hulu executives and the board to discuss opportunities for both global growth and content investment."
Comcast, another company with a 30% stake in Hulu, is not likely to sell any part of the company at any time. NBC Universal CEO Steve Burke, owned by Comcast, recently told investors he is not willing to sell a 30 percent stake in streaming services soon.