Disney is on the hook to buy out Comcast’s stake in the streamer, which is only getting more valuable as it enters profitability ahead of schedule
Most of the ink (including on these online pages) regarding Disney’s streaming ambitions is spilled on Disney+, but the entertainment goliath’s other streaming service has actually been key to its bottom line.
That would be Hulu. Despite a subscriber base that’s less than half the size of Disney+, Hulu posted a surprising profit during Disney’s most recent quarterly earnings (though the company didn’t disclose how big it was). And the surprise profit, on the backs of original hits like “The Handmaid’s Tale” and “Little Fires Everywhere,” came roughly two years ahead of schedule.