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Disney eyes 10% stake in Hulu

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MUMBAI: The Walt Disney Company wants to have a grip on the US streaming service Hulu. According to reports, Disney is in active discussions with AT&T to acquire the 10 per cent stake that WarnerMedia owns in the streaming platform.

Disney holds 30 per cent stake in the WarnerMedia Company, combined with another 30 per cent deal with Fox which is finalied and if it succeeds in convincing AT&T, Disney will own 70 per cent of Hulu.

According to the reports that originated in Variety, Disney’s intentions are to keep Hulu as an adult-oriented, general entertainment hub, while its forthcoming Disney+ SVoD service will complement it as a family-friendly platform. Disney would also likely seek to expand Hulu into international markets.

NBCUniversal's CEO Steve Burke revealed back in January that Disney also wanted to buy the 30 percent stake the media conglomerate owns, but the company wasn't looking to sell. Disney's offer for AT&T's portion won't fall on deaf ears, though: AT&T has been thinking of selling WarnerMedia's portion to prepare for its own streaming service's launch later this year. 

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