this post was submitted on 02 Nov 2023
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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 9 months ago by [email protected] to c/[email protected]
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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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[–] [email protected] 34 points 9 months ago (4 children)

Would this be a potential push to form a monopoly?

[–] [email protected] 45 points 9 months ago* (last edited 9 months ago)

Always is. Competition isn't profitable.

[–] [email protected] 18 points 9 months ago* (last edited 9 months 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.

[–] [email protected] 0 points 9 months 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.

[–] [email protected] 22 points 9 months ago (1 children)

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

[–] [email protected] 15 points 9 months 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?

[–] [email protected] 9 points 9 months ago (1 children)

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

[–] [email protected] -1 points 9 months ago

Holy shit Airbnb sure is shitty af

[–] [email protected] 4 points 9 months ago

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

[–] [email protected] 0 points 9 months ago

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

[–] [email protected] 8 points 9 months 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.

[–] [email protected] 3 points 9 months ago

No way! How could you say that?