Disney Now Controls Hulu

Credit: Wochit Business
Published on May 14, 2019 - Duration: 00:42s

Disney Now Controls Hulu

According to Reuters, Comcast Corp has agreed to give Walt Disney Co full control of Hulu in a deal that puts a minimum future value on the streaming service of $27.5 billion while laying the groundwork for the creation of a powerful competitor for Netflix Inc.

In a statement on Tuesday, the companies said Disney would immediately assume full operational control of Hulu under an agreement that allows either company to trigger a sale of Comcast’s 33% stake to Disney after January 2024.

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Disney Now Controls Hulu

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7, 2017, PHOTO FILE PHOTO THIS PHOTO WAS PROVIDED BY COMCAST AND DISTRIBUTED VIA AP IMAGES SATURDAY, JUNE 27, 2015, FILE PHOTO

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