When The Walt Disney Company acquired 21
Hulu with talks between the House of Mouse and Comcast (which owns NBCUniversal) discussing the possibility of sale. However, talks have reached the point of striking a deal as long as Comcast is still in need of coverage over the pros and cons or making a deal like this so soon after Disney more than double their stake in the streaming service. So for now, this is what Comcast CEO Brian Roberts had to say on the subject: [OnHulutherelationshipwithNBCit'sverymuchineverybody'sinteresttomaintainAndwehavenonewnewstodayonitotherthanit'sreallyvaluableAndwe'rereallygladweownalargepieceofit”
When Comcast acquired NBCUniversal back in 2011, it came with a consent decree that it wouldn't have any say in Hulu's direction. But that agreement expired in 2018, so now Comcast can do whatever the hell they want with their ownership in Hulu, if that means making Disney even more powerful after any already worrisome purchase of 21st Century Fox.
Hulu still holds value for Comcast because NBC provides about 17% of their content, and even after NBC Universal launches their own streaming service, they will continue to use Hulu for distribution or their current shows as they air. The streaming service is meant to act as more of a collection of the network's library of TV shows and movies from previous years as opposed to a way for non-cable subscribers to keep up with their new episodes of current shows.
But at The same time, Comcast is also more than $ 100 billion in debt right now, with a big chunk of coming from their $ 39 billion acquisition of Sky. With Hulu release $ 1.5 billion this year and apparently not becoming profitable until somewhere around 2024 (according to Disney), Comcast's ownership is not necessarily doing them any favors. That would ring even more true if Hulu expands internationally, something Disney would like to see happen. But if they sell, the company will end up with around $ 4.5 billion to help pay off those debts.
At some point, it's likely that Disney will end up with Hulu. In fact, they'll probably end up being our organs before all is said and done. And then they'll tell us we can eat in cheeseburger, for fear of our organs becoming unhealthy. And that's when we say, "That's enough." But it'll be too late by then.
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