Disney takes full control of Hulu as Comcast steps aside

Disney takes full control of Hulu as Comcast steps aside

The entertainment giant expects Hulu to have as many as 60 million subscribers by fiscal 2024, up from 25 million a year ago, and is counting on it to complement the new Disney+ streaming service launching in November.

Disney and Comcast will enter a "put/call" agreement regarding NBC's 33% ownership interest in Hulu: As early as January 2024, Comcast can require Disney to buy Comcast's NBCUniversal's interest in Hulu and Disney can require NBCUniversal to sell that interest to Disney for its fair market value at that time.

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. Hulu's fair market value will be assessed at the time of that future sale, but Disney guaranteed a minimum sale price of $27.5 billion.

More news: 2 bodies found at home of woman in German crossbow case
More news: Herrera: Solskjaer the right man - but he needs time
More news: SPOILERS: WWE Raw 5/13/19 From Europe

Disney is taking full control of Hulu, extending the reach of its streaming abilities. In addition to having plenty of more adult-leaning content, Disney has already expressed an interest in selling "bundles" that give users access to Disney+, Hulu, and ESPN+ for a discounted rate, so Hulu will live on. It has a newer live-TV service that costs $45 a month.

NBCUniversal, too, will debut a streaming service in 2020.

At the same time, Comcast's NBCUniversal will have the right to cancel most of its content-licensing agreements with Hulu by 2022 - while it will have the right to pull back NBCU programming previously licensed exclusively to Hulu within one year (continuing to make it available to Hulu on a nonexclusive basis). NBCUniversal can cut off its content for Hulu within three years, if no new agreement exists.

Related Articles

  • Amazon Pays Employees to Start Businesses

    Amazon Pays Employees to Start Businesses

    They also will have access to Amazon-branded vans customized for delivery , branded uniforms and comprehensive insurance. Still, Schlactus also said there's never been a better time to be a delivery driver or operate a delivery business.
    Lenovo unveils world’s first foldable PC

    Lenovo unveils world’s first foldable PC

    It is a natural extension of Lenovo's previous attempts to innovate the PC form factor including the dual-screen Yoga Book C930 . According to the company, the new foldable PC is targeted at highly mobile, tech-savvy professionals who demand the best tools.
    May told to ditch Brexit talks with Labour

    May told to ditch Brexit talks with Labour

    The European elections are set to take place on May 23 and a poll has already predicted Mr Farage's new party could push the Conservatives into fifth place among the electorate.
  • Cristiano Ronaldo: Florenzi gets last laugh after height taunts

    Cristiano Ronaldo: Florenzi gets last laugh after height taunts

    Andrea Belotti scored twice for Torino , including a stunning overhead kick to win the match, eight minutes from time. Alessandro Florenzi was mocked by Cristiano Ronaldo for being too short, but he had the last laugh.
    HTC promises to roll out Android Pie to its smartphones

    HTC promises to roll out Android Pie to its smartphones

    The company revealed in a tweet that it will release Google's newer Android version to the HTC U11 by late May. Why is Android 9 Pie update getting late for HTC phones? However, HTC isn't ready to throw the towel just yet.
    Paul Pogba Slammed For Fan Altercation

    Paul Pogba Slammed For Fan Altercation

    Evra believes Pogba will leave in the summer and he reckons some players have only come to United for the money. Patrice Evra didn't hold back when giving his honest assessment on Alexis Sanchez.
  • North Korea demands return of US-seized cargo ship

    North Korea demands return of US-seized cargo ship

    Security Council resolutions against it which the United States cited in impounding the vessel, as a violation of its sovereignty. The vessel was originally seized in Indonesia previous year for allegedly circumventing UN-imposed sanctions on shipping coal.
    Meghan, Prince Harry release baby feet photo for Mother's Day

    Meghan, Prince Harry release baby feet photo for Mother's Day

    The Duke and Duchess of Sussex are now adjusting to life as new parents with their son Archie Harrison Mountbatten-Windsor. Though the United Kingdom celebrates Mother's Day in March, Meghan, the Duchess of Sussex , is still an American at heart.
    Jimmy Carter Breaks Hip in Fall

    Jimmy Carter Breaks Hip in Fall

    The center has monitored elections around the world and worked to resolve conflicts and eradicate disease, including guinea worm. Interested in Jimmy Carter? Carter also continues to teach Sunday school lessons Maranatha Baptist Church in Plains.
  • United Nations  chief praises New Zealand's unity, climate change leadership

    United Nations chief praises New Zealand's unity, climate change leadership

    The Secretary-General thanked New Zealand for its support for his Climate Action Summit to be held in NY this September. Guterres has arrived in New Zealand as part of a trip to the South Pacific to highlight the issue of climate change.

    William Barr appoints United States attorney to examine origins of Russian Federation probe

    Holder Jr. called on him to investigate the treatment of Central Intelligence Agency detainees and the destruction of videotapes. Page's communications were surveilled in late 2016 and early 2017, after he left the Trump campaign.
    Earth’s moon is shrinking and quaking, study says

    Earth’s moon is shrinking and quaking, study says

    As the Moon cools on the inside, the Moon's outside "wrinkles" and "shrivels" like a dehydrated grape when it turns into a raisin. Lunar science: $ 90 million to enable increased robotic exploration of the moon's polar regions in advance of a human mission.