Where Does Hulu Go From Here?
Stephen Lovely, The Motley FoolMotley FoolDecember 13, 2018, 3:17 AM GMT. When Walt Disney(NYSE: DIS), 21st Century Fox(NASDAQ: FOXA), Comcast's(NASDAQ: CMCSA) NBCUniversal, and AT&T(NYSE: T) came together to launch Hulu, it was the first streaming video on demand (SVOD) service to seriously challenge Netflix, the service that essentially invented the business space. But more than a decade later, Hulu's future is in question. Comcast owns 30% through NBCUniversal, and AT&T owns 10%. But Disney's acquisition of 21st Century Fox also gave it the stable of media properties it needed to launch an attack on Netflix. Comcast was an equal partner in Hulu back when Disney and 21st Century Fox were separate entities that each held 30%. A sale to Comcast seems more logical: it would give Disney cash for its superfluous streaming service while giving Comcast a service to combine with its studios into a Disney- and Netflix-like cocktail. But Disney seems content to hold on to Hulu for now -- perhaps because Disney+ is arriving so soon.