Disney takes full control of HuluDisney takes full control of Hulu

Format | USA | 16/05/2019

The Walt Disney Company has taken full operational control of US streamer Hulu, with an agreement in place for it to buy Comcast’s 33% stake in the business for at least US$5.8bn within the next five years.

Disney, which is due to launch its own streaming service, Disney+, in the US in November, owns 67% of the streamer having been a founding partner in the business more than a decade ago.

Hulu has grown rapidly over recent years, bolstered by extensive spending on original content including The Handmaid’s Tale, and speculation has been rife about the future of Comcast’s 33% stake in the business.

The two companies have now announced a deal for Disney to assume full operational control of Hulu, effective immediately. Comcast will initially retain its interest but the agreement states that in 2024 can trigger a Disney buyout of the stake for a minimum of US$5.8bn. The price of this deal will be independently assessed at the time.

Comcast-owned NBCUniversal (NBCU) will continue to license its content to Hulu until 2024 in a deal worth US$500m a year, but will be able to pull back shows previously licensed exclusively for its own streaming service which is due to launch early next year.

Disney, Fox and NBCU launched Hulu as a joint venture in the US more than a decade ago, with Time Warner later taking a 9.5% stake. Disney was able to up its holding in the business after buying out assets belonging to 21st Century Fox last year.

US media giant AT&T subsequently sold the Time Warner stake to Disney and Comcast for US$1.43bn last month, after picking it up as part of its own takeover of Time Warner. Its newly formed WarnerMedia arm is also set to launch its own SVoD offering in the coming months.
FormatBiz



Italian News

  • Rome - 19/06/2019  More episodes of daily soap Il Paradiso delle Signore: The series is produced by Aurora TV (Giannandrea Pecorelli) part of Banijay Group read more
  • Rome - 14/06/2019  Fox comedy Romolo + Giuly rolling for the next year: Wildside is filming season 2 to be aired next Autumn read more
  • Rome - 10/06/2019  In the afternoon of Canale5 debuts Turkish soap Bitter Sweet (Dolunay): Starting from June 10 read more
  • Milan - 06/06/2019  Sky Uno will premiere new edition of 4 Hotel with Bruno Barbieri: The show is produced by Dry Media (Banijay Group) read more
  • Rome - 05/06/2019  Rai2 premiered the original format Realiti : Produced by Fremantle is a social experiment involving young and adult public read more
  • Verona - 05/06/2019  Music event Seat Music Awards 2019 on Rai1 from Arena di Verona: The event will be aired on June 5th and 6th read more
endless love Kidnapped love

Tv Events

  • Montecarlo - 19/06/2019  Announced the winners of the Monte-Carlo Television Festival: The Monte-Carlo Television Festival and Eurodata TV Worldwide announced together  read more
  • Montecarlo - 19/06/2019  Rai 1 drama My Brilliant Friedn awarded at the 14th Montecarlo Film Festival: The series produced by Wildside is on production with season 2 read more
  • Dubrovnik - 14/06/2019  Last day of NEM offered a glimpse at possibilities of local productions: n its last day, NEM shifted its focus on local productions which are more welcome today in the European market read more
  • Los Angeles - 05/06/2019  Lorenzo Soria named president of the Hollywood Foreign Press Association : Born in Argentina, spent his formative years in Italy, in Milan read more
  • Los Angeles - 05/06/2019  Why Do We Dance - To Provoke won the FAFF award as Best Dance Film: On air on Sky Arte Italy but also on Sky on demand  read more
  • Rome - 03/06/2019  Natpe Budapest 2019: Mediaset Distribution and MGE present new titles: Telenovelas from Mega Chile and drama series from Canale 5 will be launched during the event at the Hilton  read more
natpe budapest rosy