Disney will take full control of streaming service Hulu.
- The deal, announced May 14, 2019, will allow Disney to take “operational” control over Hulu immediately.
- As part of the deal, NBCUniversal has the option to sell its 33% stake in Hulu to Disney in 2024.
- NBC will get a minimum of $5.8 billion for its stake in the venture when the sale takes place in 2024, even if the service is worth less.
- For Disney, being able to control Hulu is a key part of its streaming strategy.