Disney strikes deal with Comcast, takes full control of Hulu

Disney is taking full control of Hulu, extending the reach of its streaming abilities.

Disney said Tuesday that it’s taking operational control of the streaming service immediately.

NBCUniversal owns 33% of Hulu right now. According to the agreement, Disney can demand NBCUniversal sell the remaining stake to Disney for its fair market value in the future. Disney has guaranteed a sale price that represents a minimum total equity value of $27.5 billion.

Walt Disney Co. and Comcast Corp. also agreed to fund Hulu’s recent purchase of AT&T Inc.’s 9.5% interest in Hulu.

Free America Network Articles

Leave a Comment