Monday, 27 May, 2019

Disney takes control of Hulu before own streaming launch

Comcast sells Hulu to Disney for at least $5.8 billion as streaming wars heat up. Deal may not close till 2024 Elisabeth Moss as Offred in a scene from Hulu’s popular “The Handmaid’s Tale,” an adaptation of Margaret Atwood’s 1985 novel George Kraychyk Hulu
Julia Gonzales | 14 May, 2019, 19:14

Now, The Walt Disney Company and Comcast Corporation have announced that 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. There's a complex deal between Disney and Comcast involved, but essentially by January 2024, Comcast and Disney will finish a transaction where by the latter will own the former's interest in the popular streaming site, where viewers watch recently aired episodes of TV, along with a back catalogue of films and shows, plus originals like the critically acclaimed A Handmaid's Tale.

The Walt Disney Co. and Comcast Corp. have also agreed to fund Hulu's recent purchase of AT&T Inc.'s 9.5% interest in Hulu. For one, as early as next year NBCUniversal has the right to pull programming previously licensed exclusively to Hulu and instead make it available to Hulu on a nonexclusive basis for a reduced license fee. Meanwhile, Disney continues its quest for worldwide domination. Well, Disney+ is being billed as a family friendly streaming service in line with Disney's theatrical output, but just as Disney would never greenlight and release a movie like Prometheus, they're not exactly itching to put American Horror Story on Disney+.

Today, Disney takes the reins at Hulu.

Iowa Officials Detect Bacterial Disease That Can Jump From Dogs to Humans
The fact sheet also said that people who work closely with dogs, such as breeders and veterinarians, are the most likely to get the infection.

Last month, Hulu said it had bought back wireless carrier AT&T Inc's stake in the US entertainment streaming service for $1.43 billion, in a deal that valued Hulu at $15 billion.

In addition to that Marvel content, Hulu is development TV series based on Sweet Tooth, Motor Girl, Old City Blues, and Woke. But, during Disney's Investor Day briefing of Disney+ and its post-Fox plans, Kevin Mayer, chairman of the direct-to-consumer division, said the company is "likely" the company will be bundling together Hulu, ESPN+, and Disney+ for "a discounted price". However, NBCUniversal can terminate most of its content license agreements after that three-year period.

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