Following the acquisition of fox, Disney has announced a new move to take full control of Hulu. Meanwhile, Disney will have to pay for content over the next five years. Disney will take full control of Hulu, which means it will compete with Nafi head-on.
Disney said it would reach an agreement with Comcast. Under the agreement, Disney will soon acquire 100% of Hulu's operating rights. Comcast will have the right to sell its 33% stake in Hulu to Disney in 2024 for at least $27.5 billion, even if Hulu is valued at less than $27.5 billion. In addition, Disney has agreed to pay Comcast for content on the Hulu platform over the next five years and expand content from NBC.
Disney to take control of Hulu
It is understood that at present, Hulu has 25 million subscribers, which is lower than the 58 million subscribers of Nafi in the United States. However, Netflix's latest valuation is $167 billion, 11 times Hulu's. Nevertheless, Disney's move will challenge Nafi's market position.
It is worth mentioning that before that, Disney's acquisition of fox was approved. The news made a large number of movie fans very happy. This time, Disney has another big move, which will accelerate the development of the company's film business.