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•1 year 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
        0•1 year 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•1 year ago

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

        • diprount_tomatoEnglish
          4•1 year ago

          Oh no no no no no, they’ll still exist, it will all just be owned by Disney

        • phillaholicEnglish
          0•1 year ago

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

    • ObiniceEnglish
      8•1 year ago

      Don’t they already basically have a monopoly? They can do anything they want, they own almost everything and are too big to fail.