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Disney Takes Full Control of Hulu as War on Netflix Heats Up

  • Accord with Comcast puts $27.5 billion valuation on service
  • Deal to buy out last partner includes access to NBC’s shows
Bloomberg business news
Disney Makes Deal With Comcast for Control of Hulu
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Walt Disney Co. will take full control of Hulu in a deal with co-owner Comcast Corp. that envisions the value of the streaming service soaring to more than $27 billion in five years.

The accord announced Tuesday represents a big bet by Disney on continued rapid growth for Hulu, home of original hits such as “The Handmaid’s Tale.” Under the terms, Comcast is guaranteed a $5.8 billion windfall by early 2024, when the cable giant can sell its stake to Disney.