The Wall Street Journal reported that the two media and entertainment giants want to reach a deal to resolve the ownership of Hulu, but the disagreement over how much the nation’s fifth-largest streaming service is worth is stalling progress.
Neither Disney nor Comcast responded to requests for comment.Disney owns two-thirds of Hulu, while Comcast owns one-third, acquired when it took control of one of the streamer’s founding backers, NBCUniversal, in 2011.
Two years later, Comcast bought the remaining portion of NBCU it didn’t own. Under their ownership agreement, starting next year, Comcast could force Disney to buy it out, or Disney can require Comcast to sell.Hulu considered selling itself outright 2014, The Journal noted, but ditched the idea in part because Comcast touted a plan to Disney and Fox, which owned a stake at the time, to make Hulu “the nationwide streaming video platform for the cable TV industry,” with the goal of taking market share from streaming leader Netflix.
The envisioned cable streaming plan never happened, and Disney CEO Bob Iger was “furious,” the Journal said, citing a person familiar with the situation.It’s just one of the disagreements that the two companies have had over the streamer, which now has 48 million subscribers.
Read more on thewrap.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.