Thu. Jun 20th, 2019

Disney takes even greater control of Hulu after AT&T sells stake

Disney takes even greater control of Hulu after AT&T sells stake

AT&T has sold its 10 percent stake in Hulu back to the streaming service today for $1.43 billion dollars, in a move that will now give Disney (which already had gained a controlling interest in Hulu through its Fox purchase) even more control going forward.

Post-purchase, that puts Disney’s stake in Hulu as owning 66 percent of the service, with Comcast owning the remaining 33 percent. As a sign of how quickly this has progressed, just last year, Hulu was still divided evenly between Disney, Fox, and Comcast — each owning a 30 percent cut of the company — alongside AT&T’s 10 percent stake.

Disney gaining even more control over Hulu could also mean a radical shift in what Hulu even is….

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Source: https://www.theverge.com/2019/4/15/18312068/disney-hulu-att-sells-stake-comcast-control-streaming

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