advertisement
Forums

The Forum is sponsored by 
 

AAPL stock: Click Here

You are currently viewing the Tips and Deals forum
full of themselves?!.....Disney takes full control of Hulu....
Posted by: NewtonMP2100
Date: May 14, 2019 08:38AM
.....story is breaking.........they originally had major stake but they have purchased Comcast's stake so......changes probably will be coming......

....Disney is getting huge.....er......20th Century Fox.....now Hulu.....


Disney to take full control over Hulu, Comcast has option to sell its stake in 5 years

Disney will take “full operational control” over Hulu from Comcast, effective immediately, the companies announced in a press release Tuesday.
Comcast also has an agreement to enforce an option to sell its 33% stake in Hulu to Disney in 2024 at a valuation of at least $27.5 billion.

....Disney will take “full operational control” over Hulu from Comcast, effective immediately, the companies announced in a press release Tuesday. Comcast also has an agreement to enforce an option to sell its 33% stake in Hulu to Disney in 2024 at a valuation of at least $27.5 billion.

Comcast could either sell its stake in Hulu at a valuation $27.5 billion or whatever Hulu is appraised to be worth in five years. Disney guaranteed Comcast a sale price representing a minimum total equity value of $27.5 billion, according to the release.

As part of the deal, Disney has agreed to pay Comcast for its Hulu content for the next five years.

NBC channels will be on Hulu Live at a higher rate than previously agreed. NBC will also be able to run the same content on its own streaming platform which is expected to launch in the spring of next year.

NBC will be charging less than $12 a month for non-pay TV subscribers. For pay TV subscribers the service is free. NBCUniversal will have the option of ending most of its content license agreements with Hulu in three years, according to the release. In one year, NBCUniversal will be able to exhibit some of its own content that is currently exclusively licensed to Hulu in exchange for a reduced license fee for Hulu, the release said.

Currently, NBC gets paid $500 million a year for its library content on Hulu.

Hulu bought back a 9.5% stake from AT&T last month in a deal that valued the company at $15 billion. Disney and Comcast had agreed to fund that purchase in accordance with their two thirds to one third ownership. Now, Comcast “will have the option but not the obligation to fund its proportionate share of Hulu’s future capital gains calls and will be diluted if it elects not to fund,” according to the release.



changes are probably coming............?!



____________________________________________________

I reject your reality and substitute my own!



Edited 2 time(s). Last edit at 05/14/2019 08:48AM by NewtonMP2100.
Options:  Reply • Quote
Re: full of themselves?!.....Disney takes full control of Hulu....
Posted by: cbelt3
Date: May 14, 2019 08:56AM
How much of media does the Mouse own now ?
Options:  Reply • Quote
Re: full of themselves?!.....Disney takes full control of Hulu....
Posted by: NewtonMP2100
Date: May 14, 2019 08:59AM
.....I believe with 20th Century buyout......they now have huge percentage of the movie market.....



____________________________________________________

I reject your reality and substitute my own!
Options:  Reply • Quote
Re: full of themselves?!.....Disney takes full control of Hulu....
Posted by: 3d
Date: May 14, 2019 09:42AM
Up until last year, Laurene Powell Jobs owned 7.7% of Disney. The largest individual Disney shareholder from the sale of Pixar. After she sold half her stake, she dropped to fourth-largest individual Disney shareholder. No longer required to publicly disclose Disney transactions, her current stake is unknown.
Options:  Reply • Quote
Sorry, only registered users may post in this forum.

Click here to login

Online Users

Guests: 310
Record Number of Users: 52 on November 20, 2014
Record Number of Guests: 2330 on October 25, 2018