Disney Finally Admits That Netflix Won the Streaming Wars
Disney Finally Admits That Netflix Won the Streaming Wars
admin 2025/08/12 00:49It’s bad news for movie and TV lovers everywhere.
Approximately two months ago, Disney closed a deal with Comcast, the parent company of NBCUniversal, that sealed Hulu’s fate. The House of Mouse owned a majority stake in the junior streamer, but Comcast retained a 33 percent share, and Disney had been itching for full control over the app for years. By June, the two corporate giants had finally ironed out an agreement whereby Disney bought out NBCUniversal’s remaining stake in Hulu, working the books so as to underpay its entertainment rival and reap a multibillion-dollar tax benefit in the process. But the more pressing goal behind that transaction became clear this week, when Disney CEO Bob Iger announced on an earnings call that his company will phase out Hulu’s individual app and “fully integrate” it into the Disney+ platform, centralizing both services around one ad server.
➤➤➤ SEE MORE @ SLATE
Approximately two months ago, Disney closed a deal with Comcast, the parent company of NBCUniversal, that sealed Hulu’s fate. The House of Mouse owned a majority stake in the junior streamer, but Comcast retained a 33 percent share, and Disney had been itching for full control over the app for years. By June, the two corporate giants had finally ironed out an agreement whereby Disney bought out NBCUniversal’s remaining stake in Hulu, working the books so as to underpay its entertainment rival and reap a multibillion-dollar tax benefit in the process. But the more pressing goal behind that transaction became clear this week, when Disney CEO Bob Iger announced on an earnings call that his company will phase out Hulu’s individual app and “fully integrate” it into the Disney+ platform, centralizing both services around one ad server.
➤➤➤ SEE MORE @ SLATE
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