God's Chosen Entertainment Company strikes again.
After buying 20CF earlier this year, Disney became the majority stakeholder after investing in 2009, with Comcast/NBC Universal being a founding stakeholder.The sale price values Hulu at no less than 27 billion dollars.
Disney said Tuesday morning that it has entered into an agreement with Comcast that will allow it to be the controlling shareholder of the streaming service. As part of the agreement, Comcast can require Disney to buy NBCUniversal's interest in Hulu as early as January 2024.
With this, Disney owns Disney+, Hulu, and ESPN+