In completely unsurprising news, per Variety, Disney has officially acquired the majority stake in the streaming service, effective immediately.
“We are now able to completely integrate Hulu into our direct-to-consumer business and leverage the full power of The Walt Disney Company’s brands and creative engines to make the service even more compelling and a greater value for consumers,” – Disney CEO Bob Iger
Under the deal, Comcast’s NBCUniversal will continue to license content to Hulu through 2024. However, by next year, NBCU will be able to reduce programming previously licensed exclusively to Hulu (continuing to make it available to Hulu on a non-exclusively for a reduced fee). And by 2022, NBCUniversal will have the right to cancel most of its content-licensing agreements with Hulu. And just because we need another one, NBCU is planning to launch itsown free, ad-supported streaming service sometime next year.
Read Disney’s press release below:
What do you guys think of this news? Is Disney getting a little to large for your liking?