HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Comcast sells Hulu to Dis...

Tue May 14, 2019, 12:48 PM

Comcast sells Hulu to Disney for at least $5.8 billion as streaming wars heat up. Deal may not close

Source: Philadelphia Inquirer

Continuing the massive restructuring of the entertainment industry, Comcast Corp. has agreed to unload its one-third stake in streaming service Hulu for a minimum of $5.8 billion and up to $9.2 billion in 2024 to the Walt Disney Co., the two companies said on Tuesday.

The complex deal ends speculation over how Comcast and Disney -- which have waged takeover battles for Fox’s Hollywood studio and European pay-TV operator Sky -- would jointly operate Hulu.

Hulu is a great prize because of the 28 million subscribers it has for its on-demand movie and television shows. The California-based service also gives viewers instant access to current shows from every major U.S. broadcast network and to libraries of hit TV series and films.

Disney CEO Bob Iger said in a statement: "We are now able to completely integrate Hulu into our direct-to-consumer business and leverage the full power of [Disney’s] brands and creative engines to make the service even more compelling and a greater value for consumers.”

Read more: https://www.philly.com/business/comcast/comcast-hulu-disney-philadelphia-nbcuniversal-netflix-fox-20190514.html



Full headline:
Comcast sells Hulu to Disney for at least $5.8 billion as streaming wars heat up. Deal may not close till 2024.

7 replies, 1041 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 7 replies Author Time Post
Reply Comcast sells Hulu to Disney for at least $5.8 billion as streaming wars heat up. Deal may not close (Original post)
TexasTowelie Tuesday OP
BumRushDaShow Tuesday #1
Afromania Tuesday #2
Auggie Tuesday #3
ToxMarz Tuesday #4
wcmagumba Tuesday #5
TexasTowelie Tuesday #6
wcmagumba Tuesday #7

Response to TexasTowelie (Original post)

Tue May 14, 2019, 12:53 PM

1. Wonder how that will impact the subscriptions

that were included with Sprint?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Original post)

Tue May 14, 2019, 01:03 PM

2. Disney looking to box Netflix in I guess. Netflix is going to need to merge/buy somebody too I guess

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Original post)

Tue May 14, 2019, 01:05 PM

3. Holy crap! This is huge victory for Disney and (I'll wager) a big defeat for consumers

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Auggie (Reply #3)

Tue May 14, 2019, 01:13 PM

4. It was pretty much a given

Disney already owned 60% of Hulu after it finalized it acquisition of Fox's entertainment assets (Fox previously owned 30% and Disney 30%). That left Comcast with 30% and ATT with 10%. What else were they going to do with their shares but go for the ride with Disney, or cash out.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Original post)

Tue May 14, 2019, 01:18 PM

5. I'm sure it won't help the consumers...

I just signed up for Spotify Music Service and it includes the basic Hulu Service...I see a price jump in the future because the $9.99 a month deal won't last with Disney...for the best, I don't watch it anyway but some of my family members do. Guess they'll have to learn to read books again when I cancel...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to wcmagumba (Reply #5)

Tue May 14, 2019, 01:26 PM

6. I regret to inform you

that you'll likely end up on the sh--list if you cancel their Hulu service. Here is a couch for your safety:

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Reply #6)

Tue May 14, 2019, 01:45 PM

7. Thank you...

that damned blue fairy will probably leave me the poison drink...

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread