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 »
Remember when Friends fans were panicking last year because it looks like the staple NBC sitcom would be removed from Netflix? The streaming service spent around $100 million to keep the exclusive licensing rights to stream the show through 2019. However, Netflix likely won’t be the exclusive streaming home to shows like Friends and The Office for much longer. That’s because the media companies behind them are starting their own streaming services, and Netflix might have to share the rights to some of their most popular shows. This could really shake up the streaming scene and end up being something either really bad for Netflix, or really unfortunate for new streaming services. Read More »
If you thought there were already too many streaming subscription services out there, you’re not going to like what NBCUniversal has planned for their library of TV shows and movies from NBC and Universal Pictures.
Joining the likes of the forthcoming Disney and Warner Bros. streaming subscription services, media conglomerate NBCUniversal is creating their own ad-supported direct-to-consumer streaming subscription service that would be full of shows from NBC and movies from Universal Pictures, as well as original content. That might not sound too enticing to some of you, but you might pay more attention when you hear that the NBCUniversal streaming service may take The Office away from Netflix after 2021. Read More »