The MagicBox Forums  

Go Back   The MagicBox Forums > General Topics > Community Board

Reply
 
Thread Tools Display Modes
Old 05-14-2019, 05:41 PM   #1
Rubeus
Registered User
 
Rubeus's Avatar
 
Join Date: Apr 2002
Posts: 8,195
Disney takes full control of Hulu in deal with Comcast

I don't think many people will pay for more than 1, let alone 2 streaming platforms.


Click for full size


Quote:
Disney takes full control of Hulu in deal with Comcast

NBCUniversal content will remain on Hulu until at least late 2024.



When AT&T sold its shares of Hulu last month, Disney and Comcast were left as the company's sole owners. Today, Comcast relinquished its control, leaving Disney in charge of the streaming platform. This means, since its acquisition of Fox's 30 percent stake in 2017, Disney has slowly chipped away at its fellow Hulu owners.

As part of a put/call agreement, Comcast handed the reins over to Disney. In exchange, Comcast can require Disney to buy NBCUniversal's 33 percent ownership interest in Hulu, as early as January 2024. At that future time, Disney can require NBCUniversal to sell its interest in Hulu for fair market value. Hulu's fair market value will be assessed at the time of that future sale, but Disney guaranteed a minimum sale price of $27.5 billion.

While Disney now has full operational control, the agreement states that Comcast's ownership in Hulu will never be less than 21 percent. Comcast also agreed to extend the Hulu license of NBCUniversal content until late 2024, and the company will still distribute Hulu on its Xfinity X1 platform. However, NBCUniversal can terminate most of its content license agreements after that three-year period.

It's hard to say what will happen to NBCUniversal content, as well as other Hulu programming, after that. Disney is still working on Disney+, which means the company will have two streaming platforms. Though, it has hinted at bundling services like Hulu and ESPN+.



https://www.engadget.com/2019/05/14/...wnership-deal/
Rubeus is offline   Reply With Quote
Connect With Facebook to "Like" This Thread

Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 10:50 PM.


Powered by vBulletin® Version 3.7.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.