In a $71 billion-dollar deal, Disney acquired 21st Century Fox, and with that, it also doubled its stake in Hulu, bringing it from 30% to 67%, thus giving The Walt Disney Company full control over Hulu. This move enabled Disney to strengthen its position in the streaming industry further, to take over Netflix. Therefore, Hulu is part of the Walt Disney Company media empire.
Hulu is a subscription-based streaming platform, aggregating original TV, entertainment, and series content formats, and it distributes it across its platform. Hulu also offers linear broadcasting and cable channels, with 29 million subscribers in 2019. Hulu licenses the content through several agreements with television studios and makes it mostly available on its subscription-based platform.
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