Yesterday FOX agreed to sell most of their assets to Disney including their share of Hulu. This means for the first time Hulu will have a majority owner. (Assuming there is no issues with government approval and after the AT&T Time Warner merger that seems unlikely.)
Disney will own 60% of Hulu, Comcast owns 30%, and AT&T owns 10%. That is a huge change from about a year ago when Disney owned 30%, FOX owned 30%, Comcast owned 30%, and Time Warner owned 10%. Even that is a change from when Time Warner got a 10% nonvoting piece and 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. AT&T’s 10% is a nonvoting share, and recently the limitations imposed on Comcast by the DOJ as part of their deal to buy NBCUniversal ended. Now Comcast can have more control over their 30% of Hulu.
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. We still may not know for a few months or even a year exactly what control over Hulu Disney has.
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.