Culture&Arts

Disney Is Immediately Taking Control Of Hulu in Comcast Deal

Disney Is Immediately Taking Control Of Hulu in Comcast Deal

But now Disney has negotiated a deal with Comcast, which sees Disney pick up full control of Hulu beginning today.

The agreement, which ascribes a minimum equity value of Hulu at $27.5 billion, allows either company to trigger a sale or purchase of Comcast's 33% stake to Disney as early as January 2024. But it will also be managing its own Disney+ streaming service featuring content from its wide array of owned properties from November this year. A Hulu app is heading to Comcast's Xfinity X1 cable box platform as part of the agreement as well. That content will also be able to appear on Comcast's upcoming streaming service starting next year. The company is launching a new kids-focused streaming service called Disney Plus this year, and is likely to bundle that with Hulu and its sports service, ESPN Plus.

Disney hasn't even launched its streaming service, Disney+, yet, but it already has a second streaming site. Disney will have to pay Comcast for its Hulu content for five more years.

Now that Disney and Comcast are the only stakeholders (since Hulu recently bought out AT&T), a deal seemed inevitable since the former is on a digital quest for streaming Manifest Destiny. With a new slate of Marvel shows coming to both Disney+ and Hulu, watching over their first-party investments is just one attractive element of the deal.

Disney, Fox and NBCU launched Hulu as a joint venture in the U.S. more than a decade ago, with Turner later taking a 9.5% stake.

Anti-gay preacher Steven L Anderson becomes first person banned from Ireland
Anderson has already been banned from several European countries, including the United Kingdom, as well as South Africa. Mr Anderson is a member of the Faithful Word Baptist Church which is not affiliated to any Christian denominations.

Disney CEO Bob Iger said in a media call Tuesday that the deal gives the company the ability to bundle its streaming services easily, meaning consumers can buy one, two or all three of its platforms.

Disney's chairman and chief executive Robert A. Iger said in a statement that Hulu's portfolio of original content and its library of serials, movies and live TV offerings means the company "represents the best of television". And last month, AT&T agreed to sell back the 9.5% share it owned via its unit WarnerMedia.

The deal is structured to further NBC's streaming ambitions as well.

Hulu, which competes with Netflix and Amazon.com's Prime Video, has more than 26.8 million paid subscribers.

Hulu could stand as a more mature streamer compared to Disney's family-friendly Disney+, but none of that will be changing until at least 2024.


  • Zara Larsson accuses James Charles of DM'ing her boyfriend

    Zara Larsson accuses James Charles of DM'ing her boyfriend

    James Charles attends the 2019 Met Gala a week before the drama between him and fellow beauty vlogger Tati Westbrook hit a high. As of Sunday morning he had 14,795,211 subscribers, a dramatic drop from his over 16 million before the feud erupted.
    United ends mediocre season with home loss

    United ends mediocre season with home loss

    Borussia Dortmund star, Jadon Sancho, has finally decided not to leave the club for Manchester United this summer transfer window. The big news comes in attack, with Mason Greenwood making his full Premier League debut for Manchester United.
    Trump Just Issued a Warning to President Xi on Trade

    Trump Just Issued a Warning to President Xi on Trade

    Interested in China? Add China as an interest to stay up to date on the latest China news, video, and analysis from ABC News. Nearly 2,500 items will be subject to 25 percent tariffs, while more than 2,000 others will have smaller tariff increases.
  • Saudi oil tankers attacked near UAE waters: Energy minister

    Saudi oil tankers attacked near UAE waters: Energy minister

    Since then, the United States has ratcheted up sanctions on Iran, saying it wanted to reduce its oil exports to zero. The US Energy Department later said it was "monitoring the oil markets, and is confident they remain well-supplied".
    By CNN: Rashida Tlaib's revisionist Holocaust comments get fact-checked

    By CNN: Rashida Tlaib's revisionist Holocaust comments get fact-checked

    Tlaib, born to Palestinian immigrants in Detroit , has opposed aid to Israel as long as Benjamin Netanyahu is prime minister. And even if you believe that to be the case, it's not true to state as a fact in a straight news story that they said so.
    Sri Lanka town under curfew after anti-Muslim attacks

    Sri Lanka town under curfew after anti-Muslim attacks

    Mobs smashed the man's shop and vandalised a nearby mosque prompting security forces to fire in the air to disperse the crowd. Three weeks ago in Sri Lanka bombers blew themselves up in four hotels and three churches, killing more than 250 people.
  • Antoine Griezmann confirms he is leaving Atletico Madrid amid Barcelona interest

    Antoine Griezmann confirms he is leaving Atletico Madrid amid Barcelona interest

    Barcelona will pay the buyout clause in Griezmann's contract of 120m euros, BBC Sport understands. Griezmann had previously been attached with moves to Barcelona and Manchester United.
    Ed Sheeran & Justin Bieber Drop New Song 'I Don't Care'

    Ed Sheeran & Justin Bieber Drop New Song 'I Don't Care'

    Justin Bieber and Ed Sheeran are no strangers to the song of the summer . "I have a song with this sexy beast coming out Friday". Turns out that in 2014, Cheryl actually released her own song which is also titled " I Don't Care ".
    Schiff predicts Mueller will testify before Congress

    Schiff predicts Mueller will testify before Congress

    The revelations came as the Democrats on Friday increased their pressure on the White House on other fronts. McGahn to create a White House document falsely rebutting his account.
  • Bill implementing Brexit deal to be introduced in early June

    Bill implementing Brexit deal to be introduced in early June

    But if Britain is still a member of the EU when the new European Parliament convenes on July 2, they will have to be seated. Former Brexit secretary David Davis called on May to abandon cross-party talks with Labour .
    Samsung Smart TVs Gain Apple's TV App and AirPlay 2 Support

    Samsung Smart TVs Gain Apple's TV App and AirPlay 2 Support

    Support for Vizio, LG, and Sony TVs is coming later this year, and support for Roku and Fire TV devices is in the works as well. Apple TV+ is Apple's own video subscription service, with completely original content that won't be accessible anywhere else.
    'Game of Thrones' Series Finale Preview: The Last Power Struggle

    'Game of Thrones' Series Finale Preview: The Last Power Struggle

    Yeah, there was so much speculation about how Cersei would die - whether tied to the valonqar prophecy from George R.R. Do not read on unless you've seen Episode 5 of Season 8 of " Game of Thrones ", which aired Sunday May 12.