Industry News

Hulu Takeover to Expand the Disney Universe

13 November, 2023

Disney has begun testing a combined Disney+ and Hulu app, as the company takes full control of the latter streaming service. Apart from allowing subscribers to watch High School Musical: The Musical: The Series and High Fidelity (the series) in one place, how will the takeover impact the streaming landscape? The entertainment giant has held majority control of Hulu since 2019, and this month announced it would acquire the remaining one-third stake from Comcast for an estimated $8.61 billion. And the company is looking to free up around $8 billion in 2024 via cost-cutting measures, having axed 8,000 jobs this year and cut its content spending.

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