Mickey Mouse has an insatiable appetite.
After The Walt Disney Company took official control of 20th Century Fox earlier this year, the Mouse House is now gobbling up the remaining percentages of Hulu, which gives them complete operational control.
From The Wrap, Comcast is selling off NBC Universal’s 33% stake in the streaming service to the House that Mickey Built in a complicated “put/call” agreement that guarantees Comcast $5.8 billion.
Disney assumed 60% of Hulu earlier this year after taking control of FOX’s shares of the service during the 20th Century buyout.
As part of the new deal, Comcast has agreed to extend licensing for its shows with Hulu through 2024. However, Comcast gains the right to terminate most of its shows from the streaming service in three years’ time and don’t be shocked if that’s what ends up happening as Comcast is in the midst of programming their own direct-to-consumer service, which is expected to launch sometime in 2020.
What do you make of this news? Are you surprised that Disney not the bullet to take complete control of Hulu? Sound off in the comments below and let your thoughts be known!