Disney Acquires Full Control of Hulu From Comcast

The Walt Disney Company’s takeover of Hollywood continues. Months after completing the purchase of 21st Century Fox, which came with a major stake in Hulu, A move by Disney has been made to acquire the streaming service outright. As of Tuesday morning, Disney completely controls Hulu.

Disney and Comcast announced new deal

Disney Acuires Hulu
Disney Acquires Hulu
Disney and Comcast Made An Announcement on Tuesday

Disney and Comcast announced a new deal on Tuesday, giving Disney full operational control of Hulu going forward. This takes effect instantaneously and immediately, though Comcast still owns 33% of the streaming company.

Also Read: A Modern Three Musketeers Movie Is Under-Development By Netflix

The two companies have entered what is called a “put/call” agreement, which means that there is a five-year tentative contract in happening. As early as 2024, Comcast can require Disney to be able to purchase NBCUniversal’s 33% ownership stake. Likewise, at that time, Disney could require NBCUniversal to sell that stake at fair market values.

Streaming rights to all of NBCUniversal’s content

Another big piece of this puzzle is the streaming rights to all of NBCUniversal’s content. In addition to the put/call agreement, Comcast has agreed to stream all of NBCUniversal’s content on Hulu until that 2024 time period.

Since the purchase of Fox earlier this year, and the big chunk of Hulu that came with it, Disney has made plenty of progress being able to get new Marvel content on the streaming service. After the success of Runaways, which is about to enter production on its third season, the sides reached deals to make five new individual animated series, including a show based on Howard the Duck. Marvel is also producing a couple of more live-action shows on Hulu, the most talked-about being a series centered around Ghost Rider.

Here watch this video:

Source: Comicbook, CNBC

Sukriti Chowdhury
Sukriti Chowdhury

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