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.

    • Obinice@lemmy.worldEnglish
      8·
      8 months 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.