Disney rules everything around me. If you walk into a movie theater, it’s impossible not to notice all the showtimes for Avengers: Endgame. If you ask kids about their favorite shows, it’s impossible not to hear a few shows from the Disney Channel. Furthermore, young adults will probably say some of their favorite childhood shows are Disney programs such as The Proud Family and Hannah Montana. Not to mention, Disney is creeping out into music with Billy Ray Cyrus hopping on the “Old Town Road Remix” and the reemergence of the Jonas Brothers. Now, the Disney empire has expanded into the new world of streaming.
Disney will gain primary control of Hulu. According to a report from Variety, “Comcast has agreed to sell its Hulu stake to Disney for at least $5.8 billion.” Under this new agreement, Comcast’s NBC Universal has agreed to license content through the streaming platform until 2024. However, NBC Universal will have the option to pull back previously licensed programs as soon as 2020. In addition, the agreement allows NBC Universal has the option to cancel most of its content licensing agreements as early as 2022.
This agreement comes months after NBC Universal announced its new streaming service that will launch in the near future.