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Decades After Its Joint-Venture Journey Began, Hulu’s Sole Ownership By Disney “Finally Resolved” With $439M Payment To NBCU, Bob Iger Exults
The long and winding road of Hulu, which started out as a joint venture of NBC and Fox, has now concluded with Disney finalizing its buyout of Comcast.
Bog IgerMichael Buckner/Penske Media via Getty Images The long and winding road of Hulu, which started in the pre-smartphone era as a joint venture of NBC and Fox, has now concluded with the finalizing of Disney ‘s buy-out of Comcast. After NBC and Fox hopped onboard the streaming pioneer ahead of its official founding in 2007, Disney soon followed and Time Warner would go on to take a 10% stake. While each participant in the JV fell away as companies pursued their own independent strategies, the irony is that a Hulu-style coming together of legacy players is now coalescing as media giants grapple with the costs and murky financials of streaming compared with the lucrative pay-TV business.
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