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Disney is about to own all of Hulu | Disney’s paying more than $8 billion for Comcast’s stake in Hulu. (www.theverge.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Disney is about to own all of Hulu | Disney’s paying more than $8 billion for Comcast’s stake in Hulu.::Disney and Comcast have reached a deal on Hulu’s buyout. Disney expects to pay about $8.61 billion to get the 33 percent owned by Comcast as a result of their agreement in 2019.

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[–] DrPop@lemmy.one 35 points 1 year ago (4 children)

Would this be a potential push to form a monopoly?

[–] avidamoeba@lemmy.ca 45 points 1 year ago* (last edited 1 year ago)

Always is. Competition isn't profitable.

[–] Evilcoleslaw@lemmy.world 18 points 1 year ago* (last edited 1 year ago) (1 children)

How so? They already had a majority stake in Hulu as part of the Fox acquisition. Originally Hulu was 30% Disney, 30% Fox, 30% Comcast, 10% private equity. Hulu purchased back that 10% stake before Disney purchased Fox.

When the Fox deal closed Disney owned 70% of the company, and it was announced that the earliest they could buy out Comcast's stake was 2023/2024. The writing has been on the wall ever since.

[–] NewNewAccount@lemmy.world 0 points 1 year ago (3 children)

A Disney monopoly in streaming? Further consolidation wouldn’t be the worst thing at this point. There are too many competing services.

[–] CobblerScholar@lemmy.world 22 points 1 year ago (1 children)

So just cable 2.0, I'm sure they wouldn't screw us again right? /s

[–] maik@infosec.pub 15 points 1 year ago (1 children)

Have you looked at Hulu’s add-ons? You can get sports packages, movie packages, random-ass-bunch-of-channels packages. Sound familiar?

[–] JeffKerman1999@sopuli.xyz 9 points 1 year ago (1 children)

This is just techbros inventing stuff... They invented taxi (Uber), bed and breakfast accomodation (Airbnb), food delivery etc...

[–] Diprount_Tomato@lemmy.world -1 points 1 year ago

Holy shit Airbnb sure is shitty af

[–] Diprount_Tomato@lemmy.world 4 points 1 year ago

Oh no no no no no, they'll still exist, it will all just be owned by Disney

[–] phillaholic@lemm.ee 0 points 1 year ago

Hulu was always Disney though. It was there content that started with it. Buying Fox was the consolidation.

[–] obinice@lemmy.world 8 points 1 year ago

Don't they already basically have a monopoly? They can do anything they want, they own almost everything and are too big to fail.

[–] Diprount_Tomato@lemmy.world 3 points 1 year ago

No way! How could you say that?