Disney gets control of Hulu in deal with Comcast

Disney gets control of Hulu in deal with Comcast

Disney will assume full operational control of Hulu effective immediately in return for Disney and Comcast entering into a "put/call" agreement regarding NBCUniversal's 33% ownership interest in Hulu.

Last month, Hulu bought back AT&T's stake in the streaming service for an eye-watering $1.43 billion, but now Comcast is ceding its control to Disney, which will attain complete control of Hulu going forward.

So why does Disney want Hulu when they're launching their own streaming service Disney+ later this year?

If it wasn't already clear that Disney is very serious about becoming one of the major players in the video streaming business, then Disney's newest move should drive that point home.

Disney is now the only one with its hands on Hulu's steering wheel.

Investors in both companies seemed pleased.

Apple revamps TV app for Samsung TV support, more direct channel subscriptions
If you haven't received any notification yet, you can check under Settings General Software Update. HomePod OS 12.3 update adds support for connecting to specific types of enterprise networks.

Vodafone to launch 5G network in July using Huawei kit
Don't worry if you're not a Vodafone customer as we're expecting to hear from EE, O2 and Three about their 5G plans soon. To take advantage of the faster network speeds being promised by Vodafone, you'll need to ensure you have a 5G phone .

Premier League Highlights: Manchester City Retain Premier League Title, Liverpool Finish Second
In addition, Tottenham boss Mauricio Pochettino has reportedly been told by their chairman Daniel Levy, that he will be allocated adequate funds this summer, so as to spend for fresh signings.

Shares of Disney were up 2.1% at $134.11 in early afternoon trading on the New York Stock Exchange.

That means NBCUniversal's current 33% stake in Hulu will make its way over to Disney in increments over the course of at least several years. NBC and Fox founded Hulu more than a decade ago as a way for TV viewers to watch last night's TV online. Disney's $71.3 billion takeover of 21st Century Fox combined their stakes, and gave Disney a majority hold over Hulu.

NBCUniversal can end most of its agreements with Hulu in three years.

Comcast's departure from the Hulu board will let Disney prepare unencumbered to expand the scope and reach of Hulu in the domestic and worldwide markets to battle the likes of Netflix, Amazon.com Inc and Apple Inc. Now it seems that Disney+ (and to a lesser extent ESPN+) aren't the only streaming services the House of Mouse will control. But while Disney+ will host content from brands like Marvel, Star Wars, Pixar, and more, it won't be the right platform for all content. Shows from FX, which has aired "Sons of Anarchy" and "American Horror Story", will be on Hulu, said FX CEO John Landgraf.

"I don't see FX in Disney+ at all", Landgraf said at a press briefing featuring presentations from the heads of most of Disney's TV networks. AT&T is working on its own service.

"It's a good hedge in terms of them being able to gauge whether their own service needs its content", Sappington said. Comcast, therefore, is guaranteed at least $5.8 billion for the sale.

Related Articles

  • Bulls lose services of another Bok

    Bulls lose services of another Bok

    Steyn represented the Bulls in 124 games between 2008 and 2013 and is still the leading all-time points scorer for the franchise. Bulls CEO Alfons Meyer told Netwerk24 that Snyman will be unavailable to the Bulls throughout next year's Super Rugby campaign.

    Papa of the Pap Smear — Georgios Papanikolaou

    He wished to develop the Papanicolaou Cancer Research Institute at the University of Miami, which he did not accomplish. Papanikolaou started medical school at age 15, and after graduation served as an army surgeon in the Balkan wars.
    EPL: Premier League manager sacked after Man City won title

    EPL: Premier League manager sacked after Man City won title

    The Seagulls narrowly escaped relegation having finished 17th on the log with 36 points - two points better than Cardiff City who returned to the Championship after one season in the EPL.
  • Adobe warns Creative Cloud users with older apps of legal problems

    Adobe warns Creative Cloud users with older apps of legal problems

    Adobe has stated via Twitter that it can't comment on claims of third-party infringement because it concerns ongoing litigation. Now, this license has expired, and those third-party companies might go after you if you keep using them.
    Mayor Pete Slow Jams The News With Fallon

    Mayor Pete Slow Jams The News With Fallon

    Perhaps the biggest line came as he talked about reaching out to Republican voters, setting up Fallon to ask if he goes "both ways".
    Ireland bans United States  preacher over anti-gay remarks

    Ireland bans United States preacher over anti-gay remarks

    Ireland is the latest in a string of countries to ban the controversial preacher, who was previously barred from visiting the UK. However his scheduled appearance sparked controversy and an online petition calling for a ban gathered 14,150 signatures.
  • Tiger Woods sued over restaurant employee's deadly drunk driving crash

    Tiger Woods sued over restaurant employee's deadly drunk driving crash

    Immesberger also had been involved in another alcohol-related crash in November, the suit adds. The lawsuit is understood to be seeking in excess of $15,000 (€13,400).
    Flacco focused on winning, not mentoring Lock

    Flacco focused on winning, not mentoring Lock

    Flacco gets paid to be a starting quarterback - not the quarterbacks coach. "It's kind of Rich's job". Chiefs fans shared how thankful they were for Smith's openness before he was traded to Washington.
    Rape case against WikiLeaks founder Julian Assange reopened

    Rape case against WikiLeaks founder Julian Assange reopened

    The Australian whistleblower originally faced four sex-related charges in Sweden after an August 2010 visit to the country. Following the announcement, WikiLeaks said the investigation would give Assange a chance to clear his name .
  • Amir’s World Cup in doubt after suspected chickenpox

    Amir’s World Cup in doubt after suspected chickenpox

    The final two ODIs of the series, on Friday and Sunday, represent Amir's final chance of forcing his way into the World Cup squad. Pakistan will begin their World Cup campaign against the West Indies in Nottingham on May 31.
    All episodes of The Jeremy Kyle Show pulled from ITV Hub

    All episodes of The Jeremy Kyle Show pulled from ITV Hub

    Dickinson's Real Deals was aired instead of the Jeremy Kyle Show at 09:30am on Monday (13 May) morning. What Allegedly Happened To Steve Dymond? He was quietly struggling, and we didn't know at the time.
    Jeremy Kyle show pulled from screens indefinitely after death of guest

    Jeremy Kyle show pulled from screens indefinitely after death of guest

    ITV will be carrying out an investigation into the episode of the long-running chat show, which will now not be broadcast. The Jeremy Kyle Show has been suspended after a guest died shortly after filming.