Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Hulu?
Summarize this article for a 10 year old
|Type of business||Subsidiary|
Type of site
|OTT video streaming platform|
|Area served||United States|
|Owner||The Walt Disney Company|
|Key people||Joe Earley (president)|
|Users||48.5 million (as of September 30, 2023[update])|
|Launched||October 29, 2007; 16 years ago (2007-10-29)|
Hulu was initially established as a joint venture between News Corporation and NBCUniversal, Providence Equity, and later The Walt Disney Company, serving as an aggregation of recent episodes of television series from their respective television broadcasting. In 2010, Hulu launched a subscription service, initially branded as "Hulu Plus", which featured full seasons of programs from the companies and other partners, and un-delayed access to new episodes. In 2017, the company launched Hulu with Live TV—an over-the-top live TV service featuring broadcast programming channels.
On November 1, 2023, Disney announced its intent to acquire Comcast's stake in Hulu. The two companies previously agreed to a minimum floor price of $8.6 billion. The acquisition is expected to be completed as early as 2024.
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