Burst

Million

Resistance

Disney

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Disney stock price has been declining through an interesting pattern over the daily time frame chart.</a> </li> 
 <li> <span>2</span> <a>The discussions are finally taking a break about Disney acquiring Hulu.&nbsp;</a> </li> 
 <li> <span>3</span> <a>A total of $8.61 Billion needed to be paid by Disney to Comcast who owns 33 percent stake of the infamous streaming service.</a> </li> 
</ul> 
<p>Disney stock price is prepared to break out from a descending parallel channel after confirming that Disney is acquiring Hulu’s remaining shares. DIS shares skyrocketed yesterday.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-more-about-disney-hulu-deal-strong"><strong>More About Disney &amp; Hulu Deal&nbsp;&nbsp;&nbsp;</strong></h2> 
<p>Walt Disney expects to pay at least $8.61 Billion to acquire Comcast’s 33% ownership in the well-known streaming service Hulu. Their 2019 agreement served as the foundation for this arrangement. An appraisal process will be used to determine the ultimate price, and it may take up to a year to complete.</p> 
<p>In September, Comcast said that it had accelerated negotiations to sell its shares in Hulu to Disney. This comes after the streaming giant had shifted popular programs like “Saturday Night Live” and “The Voice” from Hulu to its Peacock platform. Before, Comcast and Disney had a contract that gave Comcast the power to force Disney to buy its shares as early as the following year, while Disney could force Comcast to sell.</p> 
<p>Disney stated in a statement that it would further its streaming goals if it were to purchase Comcast’s interest in Hulu at a fair market value. With almost 48 Million customers, Hulu offers original shows including “Only Murders in the Building” and “The Kardashians” in addition to material from several traditional networks like ABC, FX, and Fox.</p> 
<p>Comcast responded by stating that they were looking forward to the evaluation process and that it will demonstrate the extraordinary worth of the Hulu company.</p> 
<p>Disney stated this year, it will make Hulu content available to customers of both Disney+ and Hulu in the US, aiming to increase the profitability of its main streaming service. Disney wants to provide users a smooth “one app experience” by the end of the year.&nbsp;</p> 
<p>It is important to remember that Disney+ is accessible worldwide, while Hulu is only available in the United States. Hulu will stay available as a stand-alone service with prices of $18 for ad-free access and $8 for ad-supported access.</p> 
<p>When Hulu was first founded in 2007, it was a cooperative venture backed by big studios like Disney, Time Warner, NBCUniversal, and 21st Century Fox. The goal was to present a unified front against the internet’s increasing influence, but shared ownership proved to be a barrier. 2019 saw Disney fully take over Hulu following its acquisition of the entertainment division of 21st Century Fox.</p> 
<p>Disney, like many other large media businesses, has been dealing with investor worries about the success of its streaming services and the declining popularity of traditional television. Over the last two years, Disney stock price has dropped from $197 to about $81.</p> 
<h2 class="wp-block-heading" id="strong-disney-stock-price-prediction-dis-stock-gears-up-for-a-year-end-surge-strong"><strong>Disney Stock Price Prediction: DIS Stock Gears Up for a Year-End Surge&nbsp;&nbsp;&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1539" height="893" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-28.png" alt="Walt Disney Co. Acquiring Hulu: Disney Stock Price Ready to Burst" class="wp-image-179217" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-28.png 1539w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-28-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-28-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-28-768x446.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-28-1536x891.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-28-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-28-1140x661.png 1140w" sizes="(max-width: 1539px) 100vw, 1539px">
  <figcaption class="wp-element-caption">
   Source: NYSE: DIS by <a href="https://www.tradingview.com/x/O9AUhqSm/">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>Disney stock price has been falling through a declining parallel channel since June over the daily time frame chart. However, DIS shares tried to break out but failed to sustain at the upper trendline of the channel.&nbsp;</p> 
<p>Disney stock must acquire buyers in order to continue their upsurge in the year end. However, trading volume (11.518 Million) is above the average (10.361 Million) during the intraday trading session. Meanwhile, DIS shares surged above 20 and 50-EMAs yesterday and may gain significantly during Monday’s trading session.</p> 
<p>As soon as the Disney acquiring Hulu news flashed, buyers gathered to push DIS upwards. Meanwhile, Disney stock needs to sustain at the upper trendline of the descending parallel channel to break out.&nbsp;&nbsp;</p> 
<p>Disney share price surged by 4.01% in a week and 2.51% in a month. However, DIS stock price slipped by 3.08% in the last three months; and 15.52% in the last six months. Moreover, Disney stock price slumped around 6.39% year to date.</p> 
<p>Technical indicators suggest the upside trend of Disney stock. The relative strength index (RSI) confirms the upward momentum of DIS shares. RSI was at 53 and is heading towards overbought territory. Investors in Walt Disney Co (NYSE: DIS) need to wait until DIS share price reaches the upper trendline of the declining parallel channel.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>As <a href="https://www.thecoinrepublic.com/2023/11/02/realty-income-stock-price-what-investors-missed-in-q2-report/" target="_blank" rel="noreferrer noopener">Disney prepares</a> to pay $8.61 Billion to Comcast for the remaining Hulu shares, the company’s stock is predicted to burst. As a result of these developments, there was an increase in the trading volume of Disney stock. Technical indicators point to a potential increase in Disney stock price. Therefore, before taking any action, Walt Disney Co. (NYSE: DIS) investors might want to wait for the company’s stock to reach the upper trendline.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $80.30 and $79.35</p> 
<p><strong>Resistance Levels:</strong> $86.45 and $88.45</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Walt Disney Co. Acquiring Hulu: Disney Stock Price Ready to Burst

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