At approximately 30%, the player would enjoy a comprehensive lead on Netflix’s 23%, according to a recent study by Ampere Analysis. Hulu is currently owned by Disney (67%) and Comcast (33%), who are due to reach a sale agreement in January 2024.
SkyShowtime, a Paramount and Comcast joint venture, launched in the Nordic countries at the end of September 2022, and Ampere Analysis expects subscriptions to the SVOD platform in the region to pass 2 million in 2024.
During the latest D23 Expo, an event organized by The Walt Disney Company, Bob Chapek, CEO of the group, talked about the possibility of spinning off ESPN and also of buying Comcast’s 33% share of Hulu.
Paramount executive David Urgell has been appointed as VP of Distribution & Partnerships at SkyShowtime, the streaming service that Comcast and Paramount will launch on September 20 as a result of their joint venture.
NBCUniversal profits grew in the second quarter despite larger losses at direct-to-consumer streaming service Peacock. The platform lost $467 million in the quarter, more than the $363 million it last a year ago.