By Disney owns two thirds of the streaming service, which focuses on more general entertainment content like FX series. It has been expected to buy the rest of it from Comcast
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Iger’s comments on Hulu came as he told CNBC’s David Faber that he was planning on paring back Disney’s general entertainment content.
He said that he wasn’t going to speculate whether Disney is a buyer or seller of Hulu right now.
Iger’s comments come after Disney announced 7,000 job cuts on Wednesday, along with an overall restructure of the business into three central divisions: streaming and media operations, ESPN, and parks. It also said it would cut $5.5. billion in costs. The reorganization marks Iger’s most significant action since returning to the helm in November.
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Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
