Technology

59308 readers

5092 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

434

Disney is about to own all of Hulu | Disney’s paying more than $8 billion for Comcast’s stake in Hulu. (www.theverge.com)

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

84 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] DrPop@lemmy.one 35 points 1 year ago (4 children)

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) (1 children)

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.

[–] NewNewAccount@lemmy.world 0 points 1 year ago (3 children)

A Disney monopoly in streaming? Further consolidation wouldn’t be the worst thing at this point. There are too many competing services.

[–] CobblerScholar@lemmy.world 22 points 1 year ago (1 children)

So just cable 2.0, I'm sure they wouldn't screw us again right? /s

[–] maik@infosec.pub 15 points 1 year ago (1 children)

Have you looked at Hulu’s add-ons? You can get sports packages, movie packages, random-ass-bunch-of-channels packages. Sound familiar?

[–] JeffKerman1999@sopuli.xyz 9 points 1 year ago (1 children)

This is just techbros inventing stuff... They invented taxi (Uber), bed and breakfast accomodation (Airbnb), food delivery etc...

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

Holy shit Airbnb sure is shitty af

[–] Diprount_Tomato@lemmy.world 4 points 1 year ago

Oh no no no no no, they'll still exist, it will all just be owned by Disney

[–] phillaholic@lemm.ee 0 points 1 year ago

Hulu was always Disney though. It was there content that started with it. Buying Fox was the consolidation.

[–] 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.

[–] Diprount_Tomato@lemmy.world 3 points 1 year ago

No way! How could you say that?