Which Company Owns Hulu?

By Rachel Warren – Updated Nov 11, 2025 at 12:45 PM | Fact-checked by Margo Winton Parodi

Key Points

Disney now fully owns Hulu, having bought out Comcast in 2025 for $9 billion.
To invest in Hulu, purchase Disney stock through a brokerage account.
Institutional investors hold the majority of Disney shares, influencing its market moves.

Hulu is an over-the-top (OTT) video streaming platform launched in 2007. You may know it for its subscription media content service, but perhaps you're wondering who actually owns the company.

NYSE: DIS

Walt Disney

Today's Change

(1.57%) $1.80

Current Price

$116.65

Key Data Points

Market Cap

$210B

Day's Range

$114.39 - $117.09

52wk Range

$80.10 - $124.69

Volume

15M

Avg Vol

7.9M

Gross Margin

31.80%

Dividend Yield

0.01%

Who owns Hulu?

Hulu started as a joint venture among several entities, including investment firm Providence Equity, NBCUniversal, and News Corporation -- now traded as News Corp (NWSA -0.04%) -- which Walt Disney (DIS +1.57%) later joined. Hulu was originally launched as an aggregator for TV show episodes from each of the joint venture partners.

In 2019, Disney bought 21st Century Fox, which gave it a 60% stake in Hulu. That same year, while under the ownership of AT&T (T +1.87%), WarnerMedia relinquished its stake in Hulu. In the end, this left Disney with an approximate 67% stake, with Comcast (CMCSA +1.58%) controlling about 33%.

Disney originally made a deal with Comcast for a Hulu buyout in 2019. In November 2023, Disney announced that it would acquire the remainder of Comcast's stake in the entertainment business. In mid-2025, Disney bought out the remaining one-third stake in Hulu from Comcast and now has complete control of the streaming company. With the final payment in June 2025, Disney paid about $9 billion in total to acquire Hulu.

Who are the largest shareholders of Hulu?

Disney now owns 100% of Hulu. The largest stakeholders of Disney stock as of late 2025 were institutional investors. Disney’s five largest institutional investors were:

The Vanguard Group is an investment advisor that is the largest provider of mutual funds and the second-largest provider of exchange-traded funds. It holds 158.1. million shares of Disney, representing an 8.8% stake.
BlackRock (BLK +0.75%) is the world's largest asset manager. It owns 127.9 million shares of Disney, representing a 7.1% stake.
State Street Corporation (STT +1.44%) is a global financial services and bank holding company. It owns 79.6 million shares of Disney, representing a 4.4% stake.
JPMorgan Chase (JPM +1.52%) is the largest commercial bank in the United States. It owns 67.7 million shares of Disney, representing an equity stake of approximately 3.8%.
Geode Capital Management LLC is an investment management firm based in Boston with $1.2 trillion in assets under management. It owns 40 million shares of Disney, representing a stake of 2.2% of Disney.

Shareholder

An individual or entity that owns a portion of a company's stock, entitling them to a share of its profits and assets.

There are also some individuals of note who have a large stake in Disney. However, about 75% of shares are held by institutions, and only 0.07% of shares are held by Disney insiders. The top five largest individual shareholders, according to Disney's most recent proxy statement, are:

Robert A. Iger: Owns 205,036 shares. Iger became president of Disney in 2000 and was CEO from 2005 to 2020; he stepped down but returned as CEO in 2022.
Horacio E. Gutierrez: Owns 32,527 shares. Gutierrez is the chief legal and compliance officer of the Walt Disney Company.
James Gorman: Owns 20,000 shares. Gorman is the chairman of the board after joining in 2024.
Calvin McDonald: Owns 14,825 shares. McDonald has served on Disney's board of directors since 2021.
Kristina Schake: Owns 13,549 shares. Schake is Disney's senior executive vice president and chief communications officer.

Who is on the board of directors for Hulu?

Ten people serve on the board of Hulu's parent company and majority owner, Walt Disney.

Source: Walt Disney Co.
NAME	ROLE	BOARD TENURE
James Gorman	Chairman	Since 2024
Mary Barra	Director	Since 2017
Amy Chang	Director	Since 2021
Jermemy Darroch	Director	Since 2024
Carolyn Everson	Director	Since 2022
Michael Froman	Director	Since 2018
Robert Iger	Director	Since 2022
Maria Elena Logomasino	Director	Since 2015
Calvin McDonald	Director	Since 2021
Derica Rice	Director	Since 2019

How to invest in Hulu

If you want to invest in Hulu stock, you'll need to buy shares of its parent company, Disney.

First, open a brokerage account to buy shares of Disney, if you don't already have one. Then, follow these simple steps.

Open your brokerage account: Log in to your brokerage account where you handle your investments.
Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
Submit your order: Confirm the details and submit your buy order.
Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.

FAQ

About the Author

Rachel Warren is a contributing Motley Fool stock market analyst covering pharmaceuticals, biotechnology, medical devices, information technology, and consumer goods. Prior to The Motley Fool, Rachel was a paralegal and legal administrator. She holds a bachelor’s degree in paralegal studies from Liberty University School of Law.

TMFRachelW

JPMorgan Chase is an advertising partner of Motley Fool Money. Rachel Warren has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase and Walt Disney. The Motley Fool recommends BlackRock and Comcast. The Motley Fool has a disclosure policy.