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Hulu is a streaming service owned and operated by Disney Media and Entertainment Distribution, a unit of The Walt Disney Company. It runs with Disney+ and ESPN+ as a joint package, or can be purchased by itself. It was founded on October 29, 2007. The Japanese version, which is majorly hold by Nippon Television Networks, launched in September 1, 2011.

History

Founding

Hulu was founded on October 29, 2007 by Jason Kilar and Beth Comstock. Jason Kilar became CEO in late 2007 until his departure in 2013. Hulu began beta testing in October 2007, and was released to the public on March 12, 2008.

Disney acquisition

In March 2019, Disney acquired 20th Century Fox's parent company, 21st Century Fox; In April 2019, WarnerMedia announced to sold its 9.5% stake. Following two acquision, Disney owned 60% stake in the Hulu. Comcast, the only other share holder, gave up control of Hulu and agreed to sell its 33% steak to Disney as early as 2024. Under Disney, Hulu would be targeted at general and mature audiences in United States, while Disney+ (United States and Latin America version) would be more family friendly.

As part of restructuring, Disney eliminated the role of CEO for Hulu. Randy Freer resigned, and Kelly Cambell was named president and would oversee the operations of Hulu.

In February 2021, Disney launched Star, a sub-hub under Disney+, to targeted general and mature audienced in other regions, which also includes Hulu contents produced by Disney.

External links

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