Disney's deal with Comcast is a complicated procedre known as a "put/call" agreement that will take place over several years. Within five years, Comcast has agreed to sell its Hulu stake to Disney for at least $9.2 billion.
Disney is preparing to launch its own streaming service called Disney+ on November 12. Disney's $71.3 billion takeover of 21st Century Fox combined their stakes, and gave Disney a majority hold over Hulu.
The Hulu deal also comes as Disney is embarking on an ambitious streaming initiative. Disney and Comcast announced a deal that states Disney will assume full operational control of Hulu, effective immediately.
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In recent weeks, North Korea has resumed testing ballistic missiles after refraining from such launches for a year-and-a-half. 'The US must realise the effect of its gangster-like actions. and must return our ship without delay, ' the statement added.
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Flight operations at the airport were temporarily suspended, and allowed to resume after about 2.5 hours for smaller aircraft . Emergency vehicles came to attend to the plane as soon as it landed, but no-one was injured in the emergency manoeuvre .
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Sami now joins existing participants Ricochet, McIntyre, Corbin, Ali, Finn Balor, Andrade, and Randy Orton in the men's bout. Here are your quick and dirty, editorial-free WWE Raw taping results and spoilers from London, England, for May 13, 2019.
Fair market value will be assessed at the time of sale, but Disney has guaranteed Comcast a minimum sale price of $27.5 billion for the remaining stake in Hulu.
In a statement on Tuesday, the companies said Disney would immediately assume full operational control of Hulu under an agreement that allows either company to trigger a sale of Comcast's 33% stake to Disney after January 2024.
Comcast, which is also preparing to launch an NBCUniversal advertising-supported streaming service by the middle of next year, said it will extend its licensing agreement to provide NBCUniversal shows and its live channels until late 2024 and agree to distribute Hulu on Comcast's cable platform.
Comcast acquired NBCUniversal back in 2011 with a consent decree that it wouldn't have a say in Hulu's direction. Last month, Disney detailed its plans for Disney Plus, which is meant to be Disney's family-friend companion service to its offering of Hulu as the home for more adult-oriented fare. Meanwhile, Disney continues its quest for worldwide domination.