The deal also gives Comcast the option to sell its 33 percent share in Hulu to Disney in 2024 at a valuation of at least $27.5 billion.
The Hulu logo on a window at the Milk Studios space in New York. By Rachel Siegel Rachel Siegel National business reporter Email Bio Follow May 14 at 11:49 AM Disney has made a deal with Comcast to take over operational control of Hulu, giving it full oversight of the streaming platform.The deal, which was expected, will allow for Comcast to retain its 33 percent financial stake in Hulu for the next five years even as Disney has operational carte blanche.
Under terms of the agreement, Comcast must continue to license NBCUniversal content to the service until 2024, while Disney by the middle of 2020 must allow some previously Hulu-exclusive content to be streamed on Comcast’s own planned streaming platform. The deal further ramps up a rivalry with Netflix, which is growing its in-house studio and fighting to hold on to some of its most popular shows and movies produced by other content providers as they launch their own streaming services.
“Specifically how that will roll out and what that relationship will be there I just don’t know yet,” she said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Disney Takes Full Operational Control Of Hulu, Will Buy Out Comcast In Five YearsDisney has struck a deal with Comcast that gives it full control of streaming service Hulu
Lire la suite »
Comcast agrees to sell its stake in Hulu to DisneyComcast also the ability to enforce an option to sell its 33 percent stake in Hulu to Disney in 2024 at a valuation of at least $27.5 billion.
Lire la suite »
Disney takes control of Hulu before own streaming launchComcast Corp has agreed to give Walt Disney Co full control of Hulu in a deal th...
Lire la suite »
Disney takes control of Hulu and has a deal for Comcast’s shareWalt Disney Co. and Comcast Corp. jointly announced Tuesday that Disney will take operational control of the streaming video site Hulu, and that they had struck a deal under which Disney would purchase Comcast’s 30% share.
Lire la suite »
Disney takes control of Hulu to challenge Netflix, AmazonWalt Disney Co said it will take full control of the Hulu service in a deal with...
Lire la suite »
Disney to take full control over Hulu, Comcast has option to sell its stake in 5 yearsComcast could either sell it at a valuation $27.5 billion or whatever Hulu is appraised to be worth in five years.
Lire la suite »
Comcast has agreed to sell its Hulu stake to Disney in 5 years for at least $27.5 billionComcast has agreed to sell its stake in streaming service company Hulu to Disney and immediately give up voting rights.
Lire la suite »
Hulu said fully 65% of live viewers stick around to watch other showsAt an OTT event hosted by The Trade Desk on Tuesday, Hulu discussed video consumption on its service.
Lire la suite »