Disney To Have Full Control Of Hulu By 2024
Disney owns your childhood.
Like…they don’t, but if you partake in the following…
Star Wars movies
Then Disney might be getting all of you and your kid’s coins. Soon, if you’re team “Hulu and chill,” they will be getting you $5.99+ a month as well.
According to the New York Daily News, Disney announced on Tuesday that they’ll be taking full control of Hulu, which will fully be in effect by 2024.
“Hulu represents the best of television, with its incredible array of award-winning original content, rich library of popular series and movies, and live TV offerings,” Bob Iger, the chairman and CEO of The Walt Disney Company, said in a statement. “We are now able to completely integrate Hulu into our direct-to-consumer business and leverage the full power of The Walt Disney Company’s brands and creative engines to make the service even more compelling and a greater value for consumers.”
Disney was already a majority stakeholder in Hulu after taking control of most of Fox’s assets in March 2019 and after buying WarnerMedia’s interests in the streaming service last month.
Disney will now have control over not one, not two, but three streaming services, including ESPN+ and Disney+ where Disney movies, Marvel movies and Star Wars movies will stream in November 2019. Luckily, Iger said customers will be able to bundle all these streaming services for one subscription fee. There’s no word on the pricing yet.
Disney hasn’t clarified how Disney+ and Hulu’s programming will differ, but Disney+ is expected to be the more family-friendly option while Hulu could possibly continue its more general/adult programing such as The Handmaid’s Tale.
Under the agreement, Hulu will keep NBCUniversal content (which is owned by Comcast) on their streaming service until “late 2024,” at which point Disney can mandate the sale of Comcast’s final 33% stake in Hulu.
Meanwhile, according to Vox, NBCUniversal is supposed to be setting up their own streaming service in 2020, which could gradually have them moving all their content from Hulu to their own service.
So in other words, in a few years, you might have to pay for even more streaming services than you’re already paying for, depending on what content you watch.
So get your Netflix and chill, HBO and chill, Hulu and chill, and NBCUniversal and chill plans ready. The future is coming.
Are you here for it or nah?