Is Hulu Becoming Too Successful for Disney?
Hulu has become more successful than Walt Disney (NYSE: DIS) management anticipated since it took full control of the streaming video company in 2019. Hulu generated a profit in the company's third quarter, putting it well ahead of management's schedule for full-year profitability in fiscal 2023.
But that also means Comcast (NASDAQ: CMCSA), which still owns a minority stake in the business, gets to participate in the profits as well. Not only that, it could mean Disney has to pay an even bigger premium to take full ownership of Hulu in 2024.
Image source: Hulu.
Source Fool.com
