Hulu makes gains

The streaming service Hulu is worth about $8.7 billion. But that remains a small fraction of Netflix Inc.’s value.

Walt Disney Co. laid out the valuation of Hulu as part of a filing Wednesday about its planned merger with 21st Century Fox Inc. Disney is buying most of Fox’s entertainment assets in a $52.4 billion all-stock deal, which would include taking control of Hulu.

Disney says its 30 percent stake in Hulu is worth $2.3 billion.

— From wire reports