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BURBANK, Calif. (AP) – Disney has signed an agreement with Comcast that gives it full control of the Hulu streaming service.
Disney immediately gets full operational control of Hulu.
The companies said Tuesday that as of January 2024, Comcast could require Disney to buy NBCUniversal's 33% stake in Hulu and that Disney could ask NBCUniversal to sell that stake to Disney for its fair market value in the future. Disney has guaranteed a sale price of a minimum total net worth of $ 27.5 billion.
Walt Disney Co. and Comcast Corp. also agreed to fund Hulu's recent purchase of AT & T Inc.'s 9.5% interest in Hulu.
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