In another blockbuster deal for Disney, it’s just been announced that Comcast has agreed to sell its ownership stake of Hulu to the global media empire, effectively making the popular streaming service a Disney product moving forward.
The Walt Disney Company became the majority stakeholder in the streaming video service after it closed a deal for most of Fox’s assets in March, while Hulu at one time was a joint venture between several media titans that included Disney, 21st Century Fox, Comcast’s NBCUniversal, and Time Warner (now known as WarnerMedia). Under the terms of the deal, Comcast will sell its interest to Disney for Hulu’s fair market value no earlier than 2024, while Disney has reportedly guaranteed that the sale price will “reflect a minimum total equity value of $27.5 billion for Hulu at that time.”
With that said, although the sale won’t officially happen for another five years, Disney now has full operational control of Hulu effective immediately.