Disney’s New Streaming App

Avery Noble

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Disney’s new streaming app has taken a toll on some companies. 21st Century Fox, Comcast’s NBCUniversal and Time Warner (now Warner Media) have lost their part in Hulu. So this means that Hulu is fully operated by Disney. The company became the majority stakeholder in the streaming video service after it closed a deal for most of Fox’s assets in March. Last month, Warner Media — now owned by AT&T  — agreed to sell it’s 9.5% interest back to Hulu. Comcast owns about a third of Hulu. Under the terms of the deal, Comcast will sell its interest to Disney for Hulu’s fair market value no earlier than 2024. Disney has guaranteed that the sale price will reflect a minimum total equity value of $27.5 billion for Hulu at that time, according to a press release.

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