Mr. Iger said Wednesday that as part of planned cost cuts totaling $5.5 billion, the company would make fewer shows and movies than before. He said Disney would “aggressively curate” its general entertainment content, which includes more mature Hulu content like “The Kardashians,” “Pam & Tommy” and “The Dropout” that appeals to a wider range of age groups.
Hulu is two-thirds owned by Disney and one-third owned by
Comcast Corp. Under an arrangement reached in 2019, Disney has the right to buy out Comcast’s stake at a fair market value, starting in early 2024, and Comcast also has the right to force a sale of its stake.
Mr. Iger surprised Disney-watchers Thursday by suggesting that another path could be explored in which it might be the seller. In an interview with CNBC, he said while Hulu is a successful platform, “everything’s on the table right now,” and added that the widely held assumption that Disney would take full control of Hulu “isn’t necessarily the case.”