Walt Disney Co. will take full operational control of Hulu, in a deal with Comcast Corp. that will value the streaming service at more than $27 billion and steps up the fight against Netflix Inc. "NBCUniversal can terminate most of its content license agreements with Hulu in three years' time, and in one year's time NBCUniversal will have the right to exhibit on its own OTT service certain content that it now licenses exclusively to Hulu in return for reducing the license fee payable by Hulu". Reportedly, Comcast is preparing an NBC streaming service to launch sometime in 2020 at a price point below $12 per month. According to the agreement, Disney can demand NBCUniversal sell the remaining stake to Disney for its fair market value in the future.More news: Salah enjoys Premier League Golden Boot win
This deal came into play when Disney's original 30% ownership stake was doubled to 60% with the acquisition of 21st Century Fox - which itself owned 30%.
Disney, which is trying to challenge the dominance of Netflix in a competitive streaming landscape, is preparing to launch its own streaming service called Disney+ on November 12 and the control of Hulu would add weight to the company's goals. However, that has not been finalized. Other Marvel-based shows in development are Ghost Rider, Helstrom, Hit-Monkey, Tigra & Dazzler Show, Howard the Duck, M.O.D.O.K. and The Offenders.More news: World is losing its 'political will' to fight climate change
Last month, Hulu said it had bought back wireless carrier AT&T Inc's stake in the USA entertainment streaming service for $1.43 billion, in a deal that valued Hulu at $15 billion.More news: Ballon d'Or: Former Juventus star Benatia believes Ronaldo deserves award over Messi