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Remarkableriots

General Entertainment Update: Comcast to give Disney "full operational control" of Hulu and sell its stake to Disney by 2024

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https://www.latimes.com/business/hollywood/la-fi-ct-hulu-disney-comcast-20190425-story.html

Quote

Walt Disney Co. is in talks to acquire the 30% stake in Hulu held by Comcast Corp., CNBC reported, a deal that would hand over complete control of the video-streaming service.

Disney emerged as 60% owner of Hulu in March when it acquired the entertainment assets of 21st Century Fox Inc. for $71 billion. The Burbank entertainment giant increased its stake last week when Hulu agreed to buy out minority investor AT&T Inc. That deal valued Comcast’s stake in the service at $4.5 billion or more.

 

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I'm sure the antitrust regulators will get right on this!

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4 minutes ago, Remarkableriots said:

Why?

 

Both are awful monopolistic companies who buy up everything in site. 

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10 minutes ago, GeneticBlueprint said:

 

Both are awful monopolistic companies who buy up everything in site. 

So what would have been the better option? Disney already had 27-30% since 2009 before buying Fox and 60+% of HULU afterwards. How is owning HULU monopolistic when Amazon Prime, Netflix, Vue, YouTubeTV and dozens of other streaming services exist and more continue to come out?

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1 hour ago, Remarkableriots said:

So what would have been the better option? Disney already had 27-30% since 2009 before buying Fox and 60+% of HULU afterwards. How is owning HULU monopolistic when Amazon Prime, Netflix, Vue, YouTubeTV and dozens of other streaming services exist and more continue to come out?

 

It's too late for any better options. The federal government should have prevented the Fox/Disney merger. As well as the Comcast/NBC one.

 

Now that Disney has full control of Hulu you can count on this: Disney will raise the price of things like ABC, ESPN, etc for Vue, DirecTV Now, and YouTubeTV. Whether that cost will be passed on to the consumer time will tell.

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7 hours ago, GeneticBlueprint said:

 

Both are awful monopolistic companies who buy up everything in site. 

 

One might say they also buy up everything in sight as well.

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19 minutes ago, Keyser_Soze said:

 

One might say they also buy up everything in sight as well.

No they literally come into your workplace like Stealy and start putting stuff in their pockets.

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