Disney expects to pay $8 billion to get full ownership of Hulu.

Disney’s paying more than $8 billion for Comcast’s stake in Hulu.

  • blackwateropeth@lemmy.world
    41·
    1 year ago

    I’m about to start cutting everything lol. I’d rather be bored instead of buying another sub human CEO a fifth yacht. Bottom line go brr? Nah fam count me out.

  • oakey66@lemmy.world
    141·
    1 year ago

    Disney already over saturated marvel and Star Wars. I can’t wait for them to ruin regular tv streaming.

    Piracy about to make a huge comeback.

  • LastYearsPumpkin@feddit.chEnglish
    7·
    1 year ago

    Eventually, Disney is going to own all of corporate media. Your choices are going to be bland, flavorless, Disney mass market appeal, or independent cinema.

    There just needs to be a better way to market and distribute independent media.

    • kboy101222@lemm.ee
      4·
      1 year ago

      The fact no one has created an indie streaming service boggles my mind. You’d think a company like A24 or Criterion would try something

  • nowwhatnapster@lemmy.world
    71·
    1 year ago

    Curious, I see most people complaining about this merger, but I have also seen the argument that there are too many streaming services with exclusive content. Wouldn’t this acquisition work towards consolidating content again under one subscription. Similar to how Netflix used to be the main player in the space before competition came along.

    I only have spotify at the moment. I used to Netflix and Hulu.

    • edgemaster72@lemmy.worldEnglish
      10·
      1 year ago

      The problem isn’t so much the number of streaming services as it is the fact that they’re all vertically integrating so each has their exclusive content and is the only game in town to get it. If production and distribution were broken up so that the same content were available from a number of competing platforms, it wouldn’t matter that there were “too many” because you wouldn’t feel like you needed them all to avoid missing out.

      • dogebread@lemm.ee
        4·
        1 year ago

        A world where you could picked based on the user experience of the apps instead of slice of content? Sign me up. To hell with that HBO Max app.

    • Asafum@feddit.nl
      1·
      1 year ago

      I would love to just get a tiny glimpse of the future in say 10-15 years. At this rate I would bet Disney will own literally all media of every type…

      We’ll have Disney Entertainment, Nestle Foods, Amazon Everything, and Musk Internet. That will be the entire economy.

      This is why I don’t look forward to the future lol

      • Alien Nathan Edward@lemm.ee
        2·
        1 year ago

        this was always the end stage of capitalism: one megacorporation that everyone rents everything from, permanently entrenched and either in bed with a government they’ve bought and paid for or so powerful on its own that government dare not attempt to do anything to regulate it.

      • Salamendacious@lemmy.worldOP
        21·
        1 year ago

        I don’t think musk will corner the Internet market. I don’t have a timeline in mind, and I could be wrong, but as established car makers start getting into the EV game with gusto I think Tesla could end up losing a lot of value and absorbed by one of the big international car manufacturers as their inhouse EV brand.

    • Pipoca@lemmy.world
      1·
      1 year ago

      Disney used to own 66% of Hulu. All they did was buy the remaining 33% of it.

      All this really changes is a bit of accounting and divying up the profits. Disney rolled Disney Streaming and Hulu into one combined engineering team several years back. They own ESPN, too.

      • Alien Nathan Edward@lemm.ee
        1·
        1 year ago

        So when Disney’s price hike doesn’t produce the amount of new money that selling the same thing is expected to produce do you think they’ll just take it on the chin and say “Oh well, we’re already very profitable and successful we dont need extra money” or do you think they’ll raise the price of Hulu while cutting the quality of service?

  • pandacoder@lemmy.world
    21·
    1 year ago

    Until you hiked my bundle from $7.50 to $19/mo I was a loyal customer who supported you getting sued and broken up.

    Now I just can’t wait for you to grow large enough that you get broken up and I give you zero shekels.

    • Moobythegoldensock@lemm.ee
      4·
      1 year ago

      No, they got 60% of Hulu when they bought FOX. WarnerMedia sold back their shares after the merger, giving Disney 67% and Comcast 33%.

      Comcast and Disney set up a deal where either one could force a buyout of Comcast’s shares. The buyout is now happening and Disney will own 100% of Hulu.

      • Copernican@lemmy.world
        3·
        1 year ago

        Yes, this is the context missing from the article. There’s the requirement of one party from the 3 party joint venture (fox, comcast, disney) to buy out the other parties if one acquired a majority steak. There was also a lot of politics because Comcast and Disney both got into a bidding war with each other to acquire Fox as well as Sky. So in some sense, although Comcast lost the bid for Fox, they forced Disney to make over inflated bids for Fox and were then on the hook to buy Comcast out for all of Hulu. So there’s a lot of bad blood recently, but it it also goes back to Comcast’s attempt at a hostile takeover of Disney back in the early 2000s that is probably like HBO’s Succession type stuff.