- Tesla quietly changed its return policy and added a non-refundable $100 order fee
- Goldman CEO on how he's turning the Wall Street powerhouse into a giant digital bank for consumers
- Mike Pence announces ceasefire in Syria
- Italian university offers online influencer degree
- Three before you leave — What to watch for Friday including American Express, Coke earnings
CEO Randy Freer, who took the helm at Hulu in 2017, told CNBC’s Julia Boorstin the company’s “investment in original programming will increase significantly.”
“When you look at the capacity inside of the Walt Disney Company to create content, the IP that’s there, the access we’ll have with that is, you know, terrific. We are going to be able to invest more and invest more upstream and find the best stories and the best creators to make shows for the company,” he said Tuesday on CNBC’s “Squawk Box.”
Freer declined to say how much the company would be investing into this endeavor.
Hulu already has a slate of original shows including the Emmy Award-winning “Handmaid’s Tale” as well as “Catch 22,” “Ramy,” “The Act,” “Pen 15,” and “Shrill.”
Ahead of Disney securing a controlling stake in the streaming service, Hulu had already green lit two live-action Marvel shows — “Ghost Rider” and “Helstrom” — as well as a slate of four animated series featuring Marvel superheroes, including Howard the Duck.
As entertainment giants like Warner Bros. and Comcast enter the streaming game, having a brand like Hulu is an asset for Disney. Not only does it have proprietary programming, but it also has a live-TV feature as well as the option for ad-supported viewing.
Disney has also discussed bundling its ESPN+ programming and its upcoming Disney+ streaming service with Hulu, but it has not disclosed how much this bundle would cost or when it would become available. Disney+ will launch on Nov. 12.
Disclosure: Comcast is the parent company of NBCUniversal and CNBC.