Later this year, The Walt Disney Company will debut its own streaming service called Disney+ which will have an enormous library. Now, there is even more streaming news regarding the House of Mouse as they have come to a deal with Comcast to acquire full operational control of Hulu.
Comcast has agreed to sell its stake in Hulu to The Walt Disney Company in five years. They had the option of selling it at a value of $27.5 billion or whatever Hulu is appraised to be worth in five years. Disney has guaranteed Comcast a sale price that represents a minimum total equity value of that $27.5 billion number.
In the details of the deal, Disney will pay Comcast for its Hulu content for the next five years.
NBC is going to be able to run its same content on its own streaming platform which will launch sometime later this year. On Hulu, the NBC channels will be available at a higher rate than was previously agreed upon.
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 press release.
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