Disney is about to own all of Hulu
www.theverge.com
Disney expects to pay $8 billion to get full ownership of Hulu.

Disney is about to own all of Hulu | Disney’s paying more than $8 billion for Comcast’s stake in Hulu.::Disney and Comcast have reached a deal on Hulu’s buyout. Disney expects to pay about $8.61 billion to get the 33 percent owned by Comcast as a result of their agreement in 2019.

  • Evilcoleslaw@lemmy.worldEnglish
    18·
    8 months ago

    How so? They already had a majority stake in Hulu as part of the Fox acquisition. Originally Hulu was 30% Disney, 30% Fox, 30% Comcast, 10% private equity. Hulu purchased back that 10% stake before Disney purchased Fox.

    When the Fox deal closed Disney owned 70% of the company, and it was announced that the earliest they could buy out Comcast’s stake was 2023/2024. The writing has been on the wall ever since.

    • NewNewAccount@lemmy.worldEnglish
      77·
      8 months ago

      A Disney monopoly in streaming? Further consolidation wouldn’t be the worst thing at this point. There are too many competing services.

        • maik@infosec.pubEnglish
          15·
          8 months ago

          Have you looked at Hulu’s add-ons? You can get sports packages, movie packages, random-ass-bunch-of-channels packages. Sound familiar?

      • phillaholic@lemm.eeEnglish
        11·
        8 months ago

        Hulu was always Disney though. It was there content that started with it. Buying Fox was the consolidation.