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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Disney is about to own all of Hulu | Disney’s paying more than $8 billion for Comcast’s stake in Hulu.::Disney and Comcast have reached a deal on Hulu’s buyout. Disney expects to pay about $8.61 billion to get the 33 percent owned by Comcast as a result of their agreement in 2019.

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[-] qooqie@lemmy.world 178 points 1 year ago

This does not look like it’ll end up well for the consumer… can we please get some company busting going on in this current capitalistic hellscape?

[-] Son_of_dad@lemmy.world 48 points 1 year ago* (last edited 1 year ago)

By 2030:

DISNEY BUYS RIGHTS TO OXYGEN ON PLANET EARTH, WILL BEGIN A $500/MONTH SUBSCRIPTION SERVICE CALLED DISNEY AIR, FOR ANY CUSTOMERS WHO WOULD LIKE TO LIVE ON.

[-] andrew@lemmy.stuart.fun 4 points 1 year ago

You wouldn't download a TREE

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[-] pastermil@sh.itjust.works 14 points 1 year ago

Regulators: No. We'll happily bust your asses instead.

[-] avidamoeba@lemmy.ca 10 points 1 year ago
[-] chiliedogg@lemmy.world 5 points 1 year ago

I don't actually expect much to change for the consumer end on this one. Comcast had already started moving their content over to Peacock.

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[-] Diprount_Tomato@lemmy.world 85 points 1 year ago

Something something monopoly

Something something your government should do something about it but it doesn't because it's controlled by big corpos

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[-] the_q@lemmy.world 77 points 1 year ago
[-] Rascabin@lemmy.ml 13 points 1 year ago

I understand this reference.

[-] ada@lemmy.blahaj.zone 12 points 1 year ago

I think they copied it from an online source...

[-] Cyberflunk@lemmy.world 59 points 1 year ago

I'm back to where I started, 100% 🏴‍☠️. I tried to play nice for about 3 years only to get fucked about every year. No more.

[-] S_204@lemmy.world 4 points 1 year ago

I have no issues paying for Spotify. Even with their recent rate increases, it's still a one-stop shop for pretty much all of my listening needs. That's worth paying for.

When it comes to visual media if there was an option that could give me what Spotify gives me I would gladly pay for the service.

From what I'm seeing the high seas are once again the only place that I can get everything I want in one place.

Maybe they’ll roll Hulu’s content into Disney+ without raising prices.

Without raising prices, right?

[-] cashews_best_nut@lemmy.world 8 points 1 year ago

They already do in the UK. 👍

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[-] phillaholic@lemm.ee 6 points 1 year ago

If you mean not raising prices from what Disney+hulu costs, they probably will combine them for that price (or the bundle with ESPN)

But no, not for the price of Disney+

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[-] DrPop@lemmy.one 34 points 1 year ago

Would this be a potential push to form a monopoly?

[-] avidamoeba@lemmy.ca 45 points 1 year ago* (last edited 1 year ago)

Always is. Competition isn't profitable.

[-] Evilcoleslaw@lemmy.world 18 points 1 year ago* (last edited 1 year ago)

How so? They already had a majority stake in Hulu as part of the Fox acquisition. Originally Hulu was 30% Disney, 30% Fox, 30% Comcast, 10% private equity. Hulu purchased back that 10% stake before Disney purchased Fox.

When the Fox deal closed Disney owned 70% of the company, and it was announced that the earliest they could buy out Comcast's stake was 2023/2024. The writing has been on the wall ever since.

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[-] obinice@lemmy.world 8 points 1 year ago

Don't they already basically have a monopoly? They can do anything they want, they own almost everything and are too big to fail.

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[-] just_another_person@lemmy.world 30 points 1 year ago

They've won the game at that point. Only Paramount and Netflix will be the holdouts, and this all just turns into another $100/mo package like cable.

[-] deus@lemmy.world 27 points 1 year ago

Apple TV+ and Amazon Prime aren't going anywhere since their parent companies have infinite money to burn on streaming. For this reason alone I think these two services are more likely to survive in the long run than Disney+ or Netflix. There's also Max, which has some great content but I'm not as confident it'll still be around in 10 years.

[-] menemen@lemmy.world 11 points 1 year ago* (last edited 1 year ago)

In Europe there is also sky, who has all rights on HBO stuff here and thus can hold out despite its terrible player. Also DAZN for sport events. Both are imo completely relying on third parties though (sky on HBO and dazn on the leagues).

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[-] hamsterkill@lemmy.sdf.org 4 points 1 year ago

Comcast has mostly moved over to using Peacock already, I think. Warner Bros is also separated with Max. And of course Amazon/MGM is doing their own thing as well.

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[-] kandoh@reddthat.com 30 points 1 year ago

I remember back in 2008 it was free and that's how I watched all of Veronica Mars

[-] SeatBeeSate@lemmy.dbzer0.com 26 points 1 year ago
[-] AngryCommieKender@lemmy.world 5 points 1 year ago

Do they own Paramount as well? Why would the mouse kill the best modern derivative of Star Trek?

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I've been looking into setting up a home server with Jellyfin and qBittorrent, so this just makes me feel better about that decision

I can upgrade my internet to gigabit and get rid of my two streaming services and save money. Win win, imo

[-] null@slrpnk.net 5 points 1 year ago

Throw in overseerr/jellyseerr, sonarr, radarr, jackett/prowlarr, and you're cookin' with gas!

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[-] MrScottyTay@sh.itjust.works 19 points 1 year ago

In the uk Hulu stuff is already on Disney+ as "Star". I imagine they want that in the US as well since it gives a lot of value to Disney+. I think it's better however... Monopolies and all that.

[-] Blackmist@feddit.uk 12 points 1 year ago

For all the stuff Disney own, there sure is a lot of fuck all new on Disney+.

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[-] Yokozuna@lemmy.world 12 points 1 year ago

Do what you want cuz a pirate is free.

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[-] Isakk86@lemmy.world 9 points 1 year ago* (last edited 1 year ago)

The FTC, "But Market consultation is great for the consumer, right?"

[-] LillyPip@lemmy.world 7 points 1 year ago

Neat. I cancelled Hulu a few months ago, and this doesn’t make me regret my decision. I like some Disney content, but they’re corporate vultures and, based on their practices, they don’t deserve any loyalty.

And Comcast, of course, can fuck themselves to death. I wish this wasn’t an amicable takeover and Comcast would lose badly, but that’s just my murderous mouse fanfic.

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[-] BigTrout75@lemmy.world 6 points 1 year ago

All I know is Charlie Brown Holiday cartoons are behind a pay way now

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[-] sodalite@slrpnk.net 6 points 1 year ago

I'm wondering how this will affect Spotify, because back when I paid for Spotify it came bundled with Hulu.

[-] bobs_monkey@lemm.ee 17 points 1 year ago

It shouldn't. They're both separate entities and remain so, they just bundled themselves to entice customers.

[-] autotldr 3 points 1 year ago

This is the best summary I could come up with:


The entertainment giant announced Wednesday that it “expects it will pay” $8.61 billion to acquire Comcast’s 33 percent stake, giving Disney full ownership of Hulu.

Both Disney and Comcast agreed to an appraisal process that will evaluate Hulu’s equity fair value as of September 30th.

The deal was initially set to take place in 2024, but Comcast and Disney agreed to move the date to September 30th.

“That was just a hypothetical that we picked five years ago,” said Comcast CEO Brian Roberts during an investors conference in September.

With Hulu barely seeing a shift in subscribers last quarter, Disney announced a price hike across all of its streaming services and hinted at a password-sharing crackdown.

Disclosure: Comcast’s NBCU division is a minority investor in Vox Media, The Verge’s parent company.


The original article contains 279 words, the summary contains 131 words. Saved 53%. I'm a bot and I'm open source!

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this post was submitted on 02 Nov 2023
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