Submitted 1 year ago by L4s@lemmy.world [bot] to technology@lemmy.world
https://www.theverge.com/2023/11/1/23875523/disney-comcast-hulu-stake-sale
Disney is about to own all of Hulu | Disney’s paying more than $8 billion for Comcast’s stake in Hulu.::Disney and Comcast have reached a deal on Hulu’s buyout. Disney expects to pay about $8.61 billion to get the 33 percent owned by Comcast as a result of their agreement in 2019.
Something something monopoly
Something something your government should do something about it but it doesn’t because it’s controlled by big corpos
Ahoy.
I’m back to where I started, 100% 🏴☠️. I tried to play nice for about 3 years only to get fucked about every year. No more.
I have no issues paying for Spotify. Even with their recent rate increases, it’s still a one-stop shop for pretty much all of my listening needs. That’s worth paying for.
When it comes to visual media if there was an option that could give me what Spotify gives me I would gladly pay for the service.
From what I’m seeing the high seas are once again the only place that I can get everything I want in one place.
Maybe they’ll roll Hulu’s content into Disney+ without raising prices.
Without raising prices, right?
They already do in the UK. 👍
Canada too
If you mean not raising prices from what Disney+hulu costs, they probably will combine them for that price (or the bundle with ESPN)
But no, not for the price of Disney+
Honestly they should just consolidate. That’s probably part of why they’re doing this. Like Discovery and HBO, running two services is expensive… I fully expect Discovery+ to shut down entirely once behind the scenes content deals are over
Would this be a potential push to form a monopoly?
Always is. No one likes competition.
How so? They already had a majority stake in Hulu as part of the Fox acquisition. Originally Hulu was 30% Disney, 30% Fox, 30% Comcast, 10% private equity. Hulu purchased back that 10% stake before Disney purchased Fox.
When the Fox deal closed Disney owned 70% of the company, and it was announced that the earliest they could buy out Comcast’s stake was 2023. The writing has been on the wall ever since.
A Disney monopoly in streaming? Further consolidation wouldn’t be the worst thing at this point. There are too many competing services.
Don’t they already basically have a monopoly? They can do anything they want, they own almost everything and are too big to fail.
No way! How could you say that?
I remember back in 2008 it was free and that’s how I watched all of Veronica Mars
They’ve won the game at that point. Only Paramount and Netflix will be the holdouts, and this all just turns into another $100/mo package like cable.
Apple TV+ and Amazon Prime aren’t going anywhere since their parent companies have infinite money to burn on streaming. For this reason alone I think these two services are more likely to survive in the long run than Disney+ or Netflix. There’s also Max, which has some great content but I’m not as confident it’ll still be around in 10 years.
In Europe there is also sky, who Hass all rights on HBO stuff here and thus can hold out despite its terrible player. Also DAZN for sport events. Both are imo completely relying on third parties though (sky on HBO and dann on the leagues).
Yeah but those are mostly shit.
HBO is Discovery now I believe…
Comcast has mostly moved over to using Peacock already, I think. Warner Bros is also separated with Max. And of course Amazon/MGM is doing their own thing as well.
HBO is part of Warner which is part of Discovery (I think).
How was there ever an end where a 100 dollar a month cable package is cheaper than all TV programmers having to make their own apps and direct to consumer distribution channels. It’s all the same TV with more operational overhead than having cable be the single pipe to distribute all content. The difference was steaming used to augment cable revenue. Now it is replacing cable revenue and that revenue goal hasn’t changed.
RIP Orville
Do they own Paramount as well? Why would the mouse kill the best modern derivative of Star Trek?
They’ve been sitting on the renewal for years now due to partial ownership.
I’ve been looking into setting up a home server with Jellyfin and qBittorrent, so this just makes me feel better about that decision
I can upgrade my internet to gigabit and get rid of my two streaming services and save money. Win win, imo
Throw in overseerr/jellyseerr, sonarr, radarr, jackett/prowlarr, and you’re cookin’ with gas!
Are there any communities around here that would help a novice set all that up? I happily pay for a VPN, not paying everyone a subscription fee
In the uk Hulu stuff is already on Disney+ as “Star”. I imagine they want that in the US as well since it gives a lot of value to Disney+. I think it’s better however… Monopolies and all that.
For all the stuff Disney own, there sure is a lot of fuck all new on Disney+.
They’re relying on their stupidly big back catalogue.
Yeah it is a bit of a trickle, but I personally don’t mind it since I’m not a binge watcher anymore. I enjoy focusing on one or two shows at a time and if theyre releasing weekly, even better.
Do what you want cuz a pirate is free.
I wish I could but I don’t have the necessary skill set to sail the seas. I’ve never understood how some users were able to travel or use the system differently than others. For example, Ive played Zelda for months, and everything I build is utter crap compared to what I see in Top Gaming Plays. Some people are just wired differently. I’ve put in the same amount of time as other players and while they are flying around in jets I’ve got two fans and a flystick.
The FEC, “But Market consultation is great for the consumer, right?”
Neat. I cancelled Hulu a few months ago, and this doesn’t make me regret my decision. I like some Disney content, but they’re corporate vultures and, based on their practices, they don’t deserve any loyalty.
And Comcast, of course, can fuck themselves to death. I wish this wasn’t an amicable takeover and Comcast would lose badly, but that’s just my murderous mouse fanfic.
I dispise Comcast because anything dealing with customer service takes fucking hours. Once youve spent a good hour dicking around on chat, you will search the internet for a live operator number. This will also take an absurd amount of time while you get switched from accounts to tech support. Seriously can’t stand it. Only game in town really, and they still suck.
There’s kind of a cheat code.
First, always call, don’t bother with chat. The first prompt you get, say ‘agent’. Don’t say anything else, and keep saying that until you get a live person (it should only take 1-3 times in the menu.
Once you have a person, threaten to cancel your service. You have to mean it (I always mean it if I’ve got to this point). They will escalate you to the customer retention team and they will listen.
It’s a condition for me at this stage. I dropped Netflix for fucking around with Jojo, pricejacking, and more.
Hulu went up a dollar last year, but somehow needed to go up three dollars this year. I’ve been an honest consumer since getting spotify, but this year I added a bunch of extra storage to my computer with nothing to fill it.
I’m wondering how this will affect Spotify, because back when I paid for Spotify it came bundled with Hulu.
All I know is Charlie Brown Holiday cartoons are behind a pay way now
This is the best summary I could come up with:
The entertainment giant announced Wednesday that it “expects it will pay” $8.61 billion to acquire Comcast’s 33 percent stake, giving Disney full ownership of Hulu.
Both Disney and Comcast agreed to an appraisal process that will evaluate Hulu’s equity fair value as of September 30th.
The deal was initially set to take place in 2024, but Comcast and Disney agreed to move the date to September 30th.
“That was just a hypothetical that we picked five years ago,” said Comcast CEO Brian Roberts during an investors conference in September.
With Hulu barely seeing a shift in subscribers last quarter, Disney announced a price hike across all of its streaming services and hinted at a password-sharing crackdown.
Disclosure: Comcast’s NBCU division is a minority investor in Vox Media, The Verge’s parent company.
The original article contains 279 words, the summary contains 131 words. Saved 53%. I’m a bot and I’m open source!
Silly Monopoly
Will Disney+ survive this?
In other parts of the world Hulu content is already on Disney+
qooqie@lemmy.world 1 year ago
This does not look like it’ll end up well for the consumer… can we please get some company busting going on in this current capitalistic hellscape?
dontcarebear@lemmy.world 1 year ago
Avast, ya scurvy dog! 'Tis time to set sail!
starman2112@sh.itjust.works 1 year ago
Gimme a 🏴☠️! Gimme a 🧲! Gimme a 🌊!
^^^^Gimme ^^^^a ^^^^sketchy ^^^^streaming ^^^^website ^^^^because ^^^^I’m ^^^^afraid ^^^^of ^^^^illegally ^^^^downloading!
Son_of_dad@lemmy.world 1 year ago
By 2030:
*DISNEY BUYS RIGHTS TO OXYGEN ON PLANET EARTH, WILL BEGIN A $500/MONTH SUBSCRIPTION SERVICE CALLED DISNEY AIR, FOR ANY CUSTOMERS WHO WOULD LIKE TO LIVE ON.
grue@lemmy.world 1 year ago
www.youtube.com/watch?v=nXNOyknNwlQ
AdamHenry@discuss.tchncs.de 1 year ago
Either this option or choose the slightly cheaper but riskier life deprivation option of being a Musk Mars Slave. Hopefully the plan of Susan B. Anthony dollar suicide booths will have been fleshed out and running by then.
avidamoeba@lemmy.ca 1 year ago
LoL
pastermil@sh.itjust.works 1 year ago
Regulators: No. We’ll happily bust your asses instead.
chiliedogg@lemmy.world 1 year ago
I don’t actually expect much to change for the consumer end on this one. Comcast had already started moving their content over to Peacock.
Earthwormjim91@lemmy.world 1 year ago
Oh no, luxury services that nobody needs at all will make profit because the average consumer will pay for it. Whatever shall we do.
Pipoca@lemmy.world 1 year ago
Disney already owned 66% of Hulu, and has run Hulu for years.
They merged the engineering teams a few years ago. Honestly, separating Hulu from Disney right now would be way harder than turning them into one streaming service.