Recently FOX agreed to sell most of 21st Century FOX to Disney. This deal includes their 30% control of Hulu, giving Disney 60% of the streaming service. Last week it was reported that Comcast is also willing to sell their 30% stake of Hulu to Disney, which would give Disney 90% control over Hulu.
This all comes from a CNBC report that unnamed sources have told them Comcast is willing to discuss the sale of their 30% stake of Hulu after Disney closes on their 21st Century FOX sale. This will mean the only other owner of Hulu will be AT&T, which has a 10% stake they purchased with the sale of Time Warner. AT&T’s 10% is a nonvoting share, so Disney will have full control over Hulu.
It was reported that as part of this deal Comcast wanted Disney to approve the sale of FOX’s share of Sky to Comcast. Yesterday, Disney signed off on FOX, selling their share of Sky to Comcast. With that deal done it makes it likely that Disney will soon own 90% of Hulu.
Comcast only recently got seats on the Hulu board. Now with Disney about to get a 60% stake in Hulu, Comcast’s 30% stake is about to become mostly a formality with little control over the company. So keep your eye out for Comcast and Disney to come to a deal about Hulu shortly after Disney takes over FOX’s shares of Hulu.
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