Welp, it’s about to turn out to be official: Disney will quickly personal all of Hulu, scooping up the remaining third that Comcast has held onto since Disney’s acquisition of twentieth Century Fox 4 years in the past. The deal has been within the works for some time however will reportedly take impact on December 1.
According to Variety, “[Disney] anticipates it will pay Comcast approximately $8.61 billion, representing NBCUniversal’s one-third stake of the $27.5 billion guaranteed floor value for Hulu that was set when the companies entered into their agreement in 2019,” by way of the commerce notes that determine could change relying on an ongoing appraisal course of. Additionally, “Disney will share with NBCU 50% of Disney’s estimated U.S. tax savings resulting from the acquisition of the Hulu stake, with payments expected to be made primarily over a 15-year period.”
Any quick modifications for Disney+ and Hulu subscribers usually are not but sure, however in May of this 12 months Disney indicated plans to ultimately consolidate all its content material—together with Disney+, Hulu, and ESPN+—right into a single streaming app; no phrase but on what the value tag on that may appear like. In May, Gizmodo reported that Disney CEO Bob Iger noticed the streamlining as a solution to “ultimately [lead] to a more unified streaming experience.”