Earlier today Disney closed on their deal to buy most of FOX including their share of Hulu. This means for the first time Hulu will have a majority owner as Disney now owns 60% of Hulu.
The other 40% of Hulu is currently owned by two companies with Comcast owning 30%, and AT&T owning 10%. That is a huge change from about a year ago when Disney owned 30%, FOX owned 30%, Comcast owned 30%, and AT&T 10%. (AT&T’s 10% is a nonvoting share.) Even that is a change from a few years ago when FOX, Disney, and Comcast each owned one-third of Hulu. This means for the first time one company has a majority control of Hulu, but not sole control.
One of the main criticisms about Hulu was that there were too many cooks in the kitchen. Now that Disney has 60% of Hulu many are wondering how that will change Hulu’s future.
With that said even though Disney now has 60% control of Hulu, they may still be limited in what they can do. Yet Disney has hinted they plan to use Hulu to stream their adult-focused programming and have children’s programming on their new Disney service. We still may not know for a few months or even a year exactly what control over Hulu Disney has.
There are even reports that Comcast and AT&T have started talks with Disney to sell their share of Hulu. This could mean Disney will someday own 100% of Hulu. For now, though all we have is rumors.
Did you know we now have a FREE app for iOS, Android, and Amazon Fire? Click HERE to download our app.
Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.