Disney Assumes Full Control of Hulu in Deal with Comcast

Within five years, Comcast has agreed to sell its Hulu stake to Disney for at least $5.8 billion. Disney secured 60% ownership of Hulu after it acquired the entertainment assets of 21st Century Fox for $71 billion, and was actively looking for a path to securing 100% of the company in talks with Comcast. Regardless of that decision, Disney has agreed that Comcast’s ownership interest in Hulu will never fall below 21%; in other words, Disney has guaranteed it will pay Comcast at least $5.8 billion to buy out the Comcast/NBCU stake.

Source: variety.com