The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, Monday, July 18, 2022.
Gabby Jones Bloomberg Getty Images
Disney CEO Bob Iger said Thursday that “everything is on the table” with streaming service Hulu.
Disney owns two-thirds of its streaming services, which focus on more mainstream entertainment content like FX series. It is expected to buy more than Comcast from January 2024.
Iger’s comments about Hulu come as he told CNBC’s David Faber that he plans to ditch Disney’s general entertainment content.
He said he would not speculate on whether Disney is a buyer or seller of Hulu at this time.
Iger’s comments came after Disney announced 7,000 job cuts on Wednesday, along with an overall restructuring of the business into three central divisions: streaming and media operations, ESPN, and parks. It also said it will cut $5.5. billion in costs. The reorganization marks Iger’s most significant move since returning to the helm in November.
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Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.