Disney expects to pay $8 billion to get full ownership of Hulu.
Disney is about to own all of Hulu | Disney’s paying more than $8 billion for Comcast’s stake in Hulu.::Disney and Comcast have reached a deal on Hulu’s buyout. Disney expects to pay about $8.61 billion to get the 33 percent owned by Comcast as a result of their agreement in 2019.
DISNEY BUYS RIGHTS TO OXYGEN ON PLANET EARTH, WILL BEGIN A $500/MONTH SUBSCRIPTION SERVICE CALLED DISNEY AIR, FOR ANY CUSTOMERS WHO WOULD LIKE TO LIVE ON.
Either this option or choose the slightly cheaper but riskier life deprivation option of being a Musk Mars Slave. Hopefully the plan of Susan B. Anthony dollar suicide booths will have been fleshed out and running by then.
Disney already owned 66% of Hulu, and has run Hulu for years.
They merged the engineering teams a few years ago. Honestly, separating Hulu from Disney right now would be way harder than turning them into one streaming service.
Not really applicable here. Comcast went their own way with Peacock. CBS went with Paramount+. No idea what FOX is doing since they sold off their production to Disney.
We're still looking at a monopoly from the perspective of accessing particular content.
We would all be more happier if the video streaming platforms operated closer to the music platforms where all platforms had mostly the same content, and we just got to pick the experience we want.
As is there is no choise if you're looking for something in particular, which is pretty similar to a monopoly.
I have no issues paying for Spotify. Even with their recent rate increases, it's still a one-stop shop for pretty much all of my listening needs. That's worth paying for.
When it comes to visual media if there was an option that could give me what Spotify gives me I would gladly pay for the service.
From what I'm seeing the high seas are once again the only place that I can get everything I want in one place.
Honestly they should just consolidate. That's probably part of why they're doing this. Like Discovery and HBO, running two services is expensive... I fully expect Discovery+ to shut down entirely once behind the scenes content deals are over
How so? They already had a majority stake in Hulu as part of the Fox acquisition. Originally Hulu was 30% Disney, 30% Fox, 30% Comcast, 10% private equity. Hulu purchased back that 10% stake before Disney purchased Fox.
When the Fox deal closed Disney owned 70% of the company, and it was announced that the earliest they could buy out Comcast's stake was 2023/2024. The writing has been on the wall ever since.
Apple TV+ and Amazon Prime aren't going anywhere since their parent companies have infinite money to burn on streaming. For this reason alone I think these two services are more likely to survive in the long run than Disney+ or Netflix. There's also Max, which has some great content but I'm not as confident it'll still be around in 10 years.
In Europe there is also sky, who has all rights on HBO stuff here and thus can hold out despite its terrible player. Also DAZN for sport events. Both are imo completely relying on third parties though (sky on HBO and dazn on the leagues).
Comcast has mostly moved over to using Peacock already, I think. Warner Bros is also separated with Max. And of course Amazon/MGM is doing their own thing as well.
How was there ever an end where a 100 dollar a month cable package is cheaper than all TV programmers having to make their own apps and direct to consumer distribution channels. It's all the same TV with more operational overhead than having cable be the single pipe to distribute all content. The difference was steaming used to augment cable revenue. Now it is replacing cable revenue and that revenue goal hasn't changed.
In the uk Hulu stuff is already on Disney+ as "Star". I imagine they want that in the US as well since it gives a lot of value to Disney+. I think it's better however... Monopolies and all that.
Yeah it is a bit of a trickle, but I personally don't mind it since I'm not a binge watcher anymore. I enjoy focusing on one or two shows at a time and if theyre releasing weekly, even better.
I wish I could but I don't have the necessary skill set to sail the seas. I've never understood how some users were able to travel or use the system differently than others. For example, Ive played Zelda for months, and everything I build is utter crap compared to what I see in Top Gaming Plays. Some people are just wired differently. I've put in the same amount of time as other players and while they are flying around in jets I've got two fans and a flystick.
Neat. I cancelled Hulu a few months ago, and this doesn’t make me regret my decision. I like some Disney content, but they’re corporate vultures and, based on their practices, they don’t deserve any loyalty.
And Comcast, of course, can fuck themselves to death. I wish this wasn’t an amicable takeover and Comcast would lose badly, but that’s just my murderous mouse fanfic.
I dispise Comcast because anything dealing with customer service takes fucking hours. Once youve spent a good hour dicking around on chat, you will search the internet for a live operator number. This will also take an absurd amount of time while you get switched from accounts to tech support. Seriously can't stand it. Only game in town really, and they still suck.
First, always call, don’t bother with chat. The first prompt you get, say ‘agent’. Don’t say anything else, and keep saying that until you get a live person (it should only take 1-3 times in the menu.
Once you have a person, threaten to cancel your service. You have to mean it (I always mean it if I’ve got to this point). They will escalate you to the customer retention team and they will listen.
e: oh, and also be nice, but firm. Angry tirades never work, but exasperated friendliness does.
The entertainment giant announced Wednesday that it “expects it will pay” $8.61 billion to acquire Comcast’s 33 percent stake, giving Disney full ownership of Hulu.
Both Disney and Comcast agreed to an appraisal process that will evaluate Hulu’s equity fair value as of September 30th.
The deal was initially set to take place in 2024, but Comcast and Disney agreed to move the date to September 30th.
“That was just a hypothetical that we picked five years ago,” said Comcast CEO Brian Roberts during an investors conference in September.
With Hulu barely seeing a shift in subscribers last quarter, Disney announced a price hike across all of its streaming services and hinted at a password-sharing crackdown.
Disclosure: Comcast’s NBCU division is a minority investor in Vox Media, The Verge’s parent company.
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