- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
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.
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.
A Disney monopoly in streaming? Further consolidation wouldn’t be the worst thing at this point. There are too many competing services.
So just cable 2.0, I’m sure they wouldn’t screw us again right? /s
Have you looked at Hulu’s add-ons? You can get sports packages, movie packages, random-ass-bunch-of-channels packages. Sound familiar?
This is just techbros inventing stuff… They invented taxi (Uber), bed and breakfast accomodation (Airbnb), food delivery etc…
Holy shit Airbnb sure is shitty af
Oh no no no no no, they’ll still exist, it will all just be owned by Disney
Hulu was always Disney though. It was there content that started with it. Buying Fox was the consolidation.