Since the acquisition of the Fox television business in 2018, Disney already had a majority stake in Hulu, now the entertainment company also gets the operational leadership in the streaming service. That announced Disney on Tuesday.
Hulu was originally launched as a joint platform of major American TV broadcasters. Since Hulu bought back the share of telecom group AT & T, only Disney and Comcast are shareholders. The streaming service is so far only active in the USA, has there however according to the "New York Times" already more 28 million subscribers and grows faster than Netflix.
This makes Disney an even stronger player in the streaming business. In April, the group had already announced to start its own streaming service Disney + from November. According to US media reports, Disney could also envisage offering Disney +, Hulu and ESPN + as a bundled offering - the latter is also involved in the latter offer.
Disney may also require Comcast to sell its stake in Hulu to Disney starting in January 2024. For the price calculation, Disney guarantees an overall rating of Hulu of at least $ 27.5 billion. Since it was also agreed that the share of Comcast in this time does not fall below 21 percent, the cable group is guaranteed $ 5.8 billion.