tag:blogger.com,1999:blog-4021655406620953887.post3176852102922149439..comments2023-09-15T03:29:21.552-04:00Comments on Transparent Traders: $DIS - Disney to take full control over Hulu, Comcast has option to sell its stake in 5 yearsTransparent Tradershttp://www.blogger.com/profile/05306442633125245146noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4021655406620953887.post-51739986071312000672019-05-15T09:40:11.631-04:002019-05-15T09:40:11.631-04:00Disney (+1.43%) has agreed to buy Comcast’s one-th...Disney (+1.43%) has agreed to buy Comcast’s one-third stake in Hulu and will take full operational control of the streamer immediately. Yippie yi yo.<br /><br />The details: Comcast (+1.49%) will be able to sell its Hulu stake to Disney less immediately—as early as January 2024. Disney pinky promised Hulu’s equity value at that time will be at least $27.5 billion, nearly double the $15 billion valuation Hulu got last month.<br /><br />An impressive number...but consider that Netflix is worth about 10x Hulu.<br /><br />It’s still a defining moment for Hulu<br />Which could arguably claim the most complicated 23andMe report of any modern media property.<br /><br />NBC and Fox founded Hulu over a decade ago as a way for the DVR-averse to watch last night’s TV.<br />Then Disney acquired a stake...and the streaming service became the only child of three Hulucopter parents. Disney, NBC, and Fox struggled to agree on a direction to take Hulu, while Netflix was busy gaining market share and investor praise.<br />But nevertheless, Hulu persisted<br />It’s not 148.9-million-strong Netflix, but Hulu had 28 million subscribers at the end of April, up 12% from the end of 2018. And though Hulu is slated to lose over $1.5 billion this year, Disney CEO Bob Iger said he’s got plans for it to a) reach 40 million subs and b) turn a profit by around 2024.<br /><br />Those plans fit squarely with Disney’s big streaming dreams. Remember, it’s launching its direct-to-consumer service Disney+ in November.<br /><br />How it shakes out: Hulu will center on adult-focused content (get your mind out of the gutter...we’re talking Brooklyn Nine-Nine and The Handmaid’s Tale). Disney+ will focus on families and kids.<br />Bottom line: Disney’s character arc is reaching a crescendo, and Bob Iger’s campaigning for an Emmy in the "Biggest Threat to Netflix" category. As for Comcast-owned NBCUniversal? It’s also laying the groundwork for its own unnamed streaming service.Transparent Tradershttps://www.blogger.com/profile/05306442633125245146noreply@blogger.com