In the entertainment industry, online streaming platforms are gaining popularity among users due to the variation in the content. When it comes to video streaming platforms, we have several big names like Disney, Netflix, Amazon Prime, and others on the list. Similar to these, Hulu is another video streaming platform that is based in America. Right now, a major portion of Hulu is acquired by The Walt Disney Company, i.e., 67%. The remaining stakes in Hulu were reportedly held by Comcast Corporation’s NBC Universal.
Recently, it was announced by Disney that all the remaining shares of Hulu held by Comcast will be acquired by it before next month. In this way, Hulu will be under Disney’s control, and Disney will be its sole owner. According to Disney, in 2019, $27.5 billion was estimated to be the floor value of Hulu. From this perspective, Disney will be paying $8.61 billion to NBCU and getting control of the 33% share in the company.
There is a possibility that the value of Hulu’s equity fair might have increased since it’s been years. From this perspective, Disney claims that it will pay “NBCU its percentage of the difference between the equity fair value and the guaranteed floor value.” Furthermore, the company claims that the value of equity will be evaluated as of September 30.
Video streaming services have been increasing their prices
Following its acquisition of 21st Century Fox, which granted it a majority interest in Hulu, Disney has started providing access to the streaming service via a variety of subscription packages. Users can get access to Hulu content by subscribing to any one of the following subscription tiers: Disney Bundle Duo Premium, Disney Bundle Trio Basic, and Disney Bundle Trio Premium. In October, the prices of both Disney and Hulu increased. Notably, Disney increased the price of Disney+ from $14.99 to $17.99, whereas Hulu’s price jumped from $10.99 to $13.99. Even Netflix revised the prices of its subscription plans.
Brian is the news author at Research Snipers which mainly covers Technology News, Microsoft News, Google News, Facebook, Apple, Huawei, Xiaomi, and other tech news.