Disney Has Full Operational Control of Hulu Now

Disney Hulu

Bow to your new corporate overlord, because Disney now owns Hulu. After acquiring a majority stake in the streaming giant following the Walt Disney Company‘s historic acquisition of 21st Century Fox, Disney has officially wrested the final 33% stake in Hulu from NBCUniversal through a deal with Comcast. But the deal is more than just a simple sale. Read about the Disney Hulu ownership deal below.

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Disney Owning Hulu

When The Walt Disney Company acquired 21st Century Fox, one of the acquisitions included the company’s 30% stake in Hulu. That gave the company a 60% stake in Hulu. Then Hulu bought AT&T’s 9.5% stake in the streaming service and allocated it proportionally to Disney and NBCUniversal, the two remaining stakeholders. That gave Disney 67% ownership of Hulu. But now Disney wants the whole pie to themselves, and they’re currently holding talks to grab NBCUniversal’s 33% stake in the company, which would give them complete ownership over the Netflix competitor. Read More »

streaming news

Streaming content is both the present and the future, and everyone wants in on it. So much so that day by new, more and more streaming services are popping-up. Will they all last? It’s doubtful. But they might have a chance simply because streaming is what consumers want. Case in point: last year, streaming subscriptions outpaced cable. What’s a cable network like Comcast Xfinity to do? Start their own streaming service, of course. Below, check out a whole plethora of recent streaming news covering these topics and more.

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Comcast Fox

We thought the Disney/Fox deal was done at the end of last year, but Comcast wasn’t ready to go quietly into the night. It stormed back into the fray with one final charge, topping Disney’s initial offer for 21st Century Fox’s media assets in the hopes of adding them to its own empire, which already includes companies like NBC and Universal. But now the boardroom battle is over, and as the metaphorical smoke clears, Comcast is walking away and paving the way for a Disney acquisition. The idea of a Comcast Fox deal is officially dead.
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Comcast Fox deal

Update 6/20/2018: Bloomberg reports that Fox has accepted a $71.3 billion bid from Disney, which tops Comcast’s previous offer of $65 billion. Disney’s new offer “gives Fox shareholders the option to take their payment in the form of cash or stock, up to a 50-50 level”, and the company will also “take on about $13.8 billion of Fox’s net debt”, which brings the total value of the deal to north of $85 billion.

Update 6/19/2018: According to CNBC, Fox’s board meets tomorrow to discuss Comcast’s bid, and if Fox decides they prefer Comcast’s offer to Disney’s offer, Disney has five days to match. The Mouse House “is expected to add cash to its bid” in addition to the stock-based offer it currently has in place. Our original article follows.

Things just got slightly more complicated in the ongoing saga of 21st Century Fox. Many of the company’s assets were long thought to be acquired by Disney, but as promised, Comcast has now officially swooped in with a superior offer to acquire Fox’s film studio, most of its TV channels, and more. And it looks like they’re coming out swinging: a Comcast Fox deal would mean that Comcast would buy the Fox assets for a hefty $65 billion, far surpassing Disney’s offer of $52 billion.
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Disney‘s historic deal to acquire elements of Fox seemed set in stone, but earlier this year reports surfaced that Comcast planned to derail that deal with a massive offer of its own. Now Comcast Corp. has confirmed that it is preparing a “superior” all-cash bid for large parts of 21st Century Fox to top Disney’s $52.4 billion deal. But to tip the scales in favor of Comcast, the Comcast Fox deal would be an “all-cash” deal versus Disney’s all-stock offering.

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disney fox deal

First they make you wait on hold for hours when you call about your cable service, then they try to destroy the Disney/Fox deal. What will those fiends at Comcast do next? A new report reveals Comcast is preparing to offer an all-cash bid for Fox, which would likely muddy the waters of the huge Disney-Fox deal. Ruh-roh.

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Disney Fox deal

The huge Disney Fox deal may have just grown more complicated. Comcast has topped Fox’s bid to buy British satellite broadcaster Sky, which could result in Fox paying more for Sky, or Disney losing a valuable property to Comcast.

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Netflix Logo

Netflix Chief Content Officer Ted Sarandos raised some eyebrows this weekend when he claimed that movie theater owners are the ones threatening to kill the movie business. Their refusal to innovate with day and date releases for big movies in theaters and on digital is stifling the industry. But his company is totally helping, right? The DVD business, which has been a massive part of the movie business for the past ten-plus years, is super-healthy, thanks to Netflix, right? And streaming revenues have more than made up the difference, too! Oh, wait. The business isn’t healthy and streaming hasn’t filled the void.

Complete video of his talk is after the break. Also, we’ve got the following items:

  • A third season of House of Cards is on the way.
  • Netflix gets Dexter.
  • Comcast will offer HBO to non-cable subscribers.

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Cool Posts From Around the Web:

It’s pilot casting season! And as such, Rupert Grint, JK Simmons, Dylan McDermott, Billy Campbell, Jennifer Beals, and tons more have found new homes on the small screen. Also after the jump:

  • Peter Sarsgaard has joined AMC’s The Killing
  • Dexter Season 8 adds a Walking Dead alum
  • Ridley Scott is bringing The Terror to AMC
  • The About a Boy duo will tackle Neal Stephenson
  • FX is moving ahead with Diane Kruger‘s The Bridge
  • Up All Night will shoot just one multi-cam episode
  • ABC shifts Happy Endings to the Friday death slot
  • House of Cards is Netflix’s most-watched program
  • Comcast buys the other 49% of NBCUniversal
  • The first episode of The CW’s Cult hits the web
  • Jason Blum‘s Paranormal-esque reality show gets a trailer

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