Disney Takes Full Operational Control of Hulu, Extending the Reach of Its Streaming Abilities

NEW YORK, NY - MAY 14: A logo for The Walt Disney Company is displayed on a trading post during the opening bell on the floor of the New York Stock Exchange (NYSE), May 14, 2019 in New York City. Disney will take full operational control over Hulu from Comcast, effective immediately, the companies announced in a press release Tuesday morning. (Photo by Drew Angerer/Getty Images)

Disney is now in full control of Hulu, an agreement was met between Disney and Comcast, in the next five years Comcast has agreed to sell its share of Hulu to Disney for a minimum of $5.8 billion. Comcast NBCUniversal will continue to license content to Hulu through 2024 but starting next year NBCU can pull back on content already licensed to Hulu. The content will be non-exclusive to Hulu and the licensing fee would be reduced. With NBCU planning to launch a free, ad-supported streaming service next year the network would have the right to cancel all licensing agreements with Hulu by 2022.

Disney says the new agreement would give Hulu consumers better value and experience.

SHARE

RELATED CONTENT

Microwave Hacks To Make You A Better Cook You Might Want To Rethink Doing This At The Airport “Game of Thrones” Finale Sets HBO Ratings Record, Bests “Big Bang” Finale Everything Coming to (and Leaving) Hulu This June Game of Thrones Fans Anxious to Cancel HBO Subscriptions Fans Spot Water Bottle In “Game Of Thrones” Finale
Comments