05-15-2019, 08:39 PM
The Walt Disney Co., which helped launch the video provider nearly 12 years ago, already owned two-thirds of the streaming and on-demand video service.
Disney had grown its share through its $71.3-billion acquisition of 21st Century Fox's movie and TV studios, which closed in March, and its $1.43-billion deal for the 9.5% share that AT&T owned. AT&T got that in its own media merger last year, an $85-billion deal for Time Warner.
That left Comcast, which owns NBCUniversal, as the only remaining non-Disney Hulu stakeholder, holding one-third. (Comcast/NBCUniversal, Disney, Fox and Time Warner were early Hulu investors.)
Disney now gets immediate complete control of Hulu, according to the deal the companies announced Tuesday, and will pay Comcast at least $5.8 billion for its Hulu stake in five years. It could receive more, depending on whether or how much Comcast invests in Hulu over the period. source: https://www.usatoday.com/story/tech/news...665629002/
Well, things sure have gotten interesting..
Disney had grown its share through its $71.3-billion acquisition of 21st Century Fox's movie and TV studios, which closed in March, and its $1.43-billion deal for the 9.5% share that AT&T owned. AT&T got that in its own media merger last year, an $85-billion deal for Time Warner.
That left Comcast, which owns NBCUniversal, as the only remaining non-Disney Hulu stakeholder, holding one-third. (Comcast/NBCUniversal, Disney, Fox and Time Warner were early Hulu investors.)
Disney now gets immediate complete control of Hulu, according to the deal the companies announced Tuesday, and will pay Comcast at least $5.8 billion for its Hulu stake in five years. It could receive more, depending on whether or how much Comcast invests in Hulu over the period. source: https://www.usatoday.com/story/tech/news...665629002/
Well, things sure have gotten interesting..