Disney Takes Control of Hulu to Challenge Netflix, Amazon

Credit: Wochit Business
Published on May 14, 2019 - Duration: 00:38s

Disney Takes Control of Hulu to Challenge Netflix, Amazon

According to Reuters, Walt Disney said it will take full control of the Hulu service in a deal with Comcast, as it vies for a bigger piece of the global video streaming market dominated by companies such as Netflix.

The agreement, which ascribes a minimum equity value of Hulu at $27.5 billion, allows either company to trigger a sale or purchase of Comcast’s 33% stake to Disney.

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Disney Takes Control of Hulu to Challenge Netflix, Amazon

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