Hulu CEO: Expect to see more original content now that Disney is in control

Now that Disney has full control of Hulu, audiences can expect more original programming to appear on the streaming service. “When you look at the capacity inside of the Walt Disney Company to create content, the IP that’s there, the access we’ll have with that is, you know, terrific. Freer, who took the helm at Hulu in 2017, told CNBC’s the company’s “investment in original programming will increase significantly.” Hulu already has a slate of original shows including the Emmy Award-winning “Han


Now that Disney has full control of Hulu, audiences can expect more original programming to appear on the streaming service. “When you look at the capacity inside of the Walt Disney Company to create content, the IP that’s there, the access we’ll have with that is, you know, terrific. Freer, who took the helm at Hulu in 2017, told CNBC’s the company’s “investment in original programming will increase significantly.” Hulu already has a slate of original shows including the Emmy Award-winning “Han
Hulu CEO: Expect to see more original content now that Disney is in control Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: sarah whitten
Keywords: news, cnbc, companies, hulu, programming, told, original, control, service, expect, slate, content, shows, streaming, ceo, company, disney


Hulu CEO: Expect to see more original content now that Disney is in control

Now that Disney has full control of Hulu, audiences can expect more original programming to appear on the streaming service.

“When you look at the capacity inside of the Walt Disney Company to create content, the IP that’s there, the access we’ll have with that is, you know, terrific. We are going to be able to invest more and invest more upstream and find the best stories and the best creators to make shows for the company,” CEO Randy Freer told Julia Boorstin Tuesday on CNBC’s “Squawk Box.”

Freer, who took the helm at Hulu in 2017, told CNBC’s the company’s “investment in original programming will increase significantly.”

Representatives for Hulu clarified that investments would be less about spending money and more about refocusing the company’s resources. In the past, Hulu has concentrated on acquiring content, but with a powerhouse like Disney behind the streaming service, it can now put more effort towards creating its own.

A source close to the matter said Hulu’s programming budget will remain in line with the guidance Disney provided during its investor day in April.

Hulu already has a slate of original shows including the Emmy Award-winning “Handmaid’s Tale” as well as “Catch 22,” “Ramy,” “The Act,” “Pen 15,” and “Shrill.”

Ahead of Disney securing a controlling stake in the streaming service, Hulu had already green lit two live-action Marvel shows — “Ghost Rider” and “Helstrom” — as well as a slate of four animated series featuring Marvel superheroes, including Howard the Duck.

As entertainment giants like Warner Bros. and Comcast enter the streaming game, having a brand like Hulu is an asset for Disney. Not only does it have proprietary programming, but it also has a live-TV feature as well as the option for ad-supported viewing.

Disney has also discussed bundling its ESPN+ programming and its upcoming Disney+ streaming service with Hulu, but it has not disclosed how much this bundle would cost or when it would become available. Disney+ will launch on Nov. 12.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: sarah whitten
Keywords: news, cnbc, companies, hulu, programming, told, original, control, service, expect, slate, content, shows, streaming, ceo, company, disney


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NBC’s 2020 streaming service won’t be very compelling for cord cutters — and that’s by design

The proof is in the details of NBC’s streaming service, coming next spring. And you’ll get a few originals for the streaming service, the quality of which is to be determined. NBC expects its revenue from cord cutters on its streaming service to be “completely immaterial,” according to a person familiar with the matter. Customers who cancel Comcast’s TV service for, say, YouTube TV will still get NBC’s streaming service for free. But at launch next year, the NBC streaming service won’t be a comp


The proof is in the details of NBC’s streaming service, coming next spring. And you’ll get a few originals for the streaming service, the quality of which is to be determined. NBC expects its revenue from cord cutters on its streaming service to be “completely immaterial,” according to a person familiar with the matter. Customers who cancel Comcast’s TV service for, say, YouTube TV will still get NBC’s streaming service for free. But at launch next year, the NBC streaming service won’t be a comp
NBC’s 2020 streaming service won’t be very compelling for cord cutters — and that’s by design Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: alex sherman
Keywords: news, cnbc, companies, wont, cord, disney, thats, live, nbcs, service, hulu, tv, 2020, compelling, nbc, paytv, streaming, design, customers, cutters


NBC's 2020 streaming service won't be very compelling for cord cutters — and that's by design

The streaming wars — the race to launch subscription video products — has been driven by an underlying concept: The traditional pay-TV bundle is dying as millions of U.S. households cut the cord each year and shift their video consumption to services like Netflix.

This has been a hard pill to swallow for legacy media companies, which derive billions of dollars from traditional pay TV. Yet, many of those media companies are coming to grips with reality and beginning to disrupt their own business models, headlined by Disney’s $6.99 Disney+ offering for this year.

That’s not the case for Comcast’s NBCUniversal (the parent company of CNBC and CNBC.com).

NBC doesn’t want you to cut the cord. Maybe this isn’t too surprising since its owner is the largest U.S. cable company. But it’s unusual because it directly contradicts the disruption narrative. Instead of submissively accepting that the pay-TV world is ending, NBC is taking a stand and fighting back.

The proof is in the details of NBC’s streaming service, coming next spring.

NBC’s ad-supported streaming service will be free to all customers who pay for traditional live television — whether through Comcast or any other provider, including virtual pay-TV bundles like Google’s YouTube TV or AT&T’s DirecTV Now, assuming partnership deals are struck, according to people familiar with the matter.

For those who have cut the cord, it will probably be about $10, said the people, who asked not to be named because the discussions on price are still ongoing.

CNBC has also learned that the free version of service for pay-TV subscribers will include live linear channels, same-season episodes and past-season episodes. Customers will be able to watch NBC programming anywhere, on any device, independent of their cable provider’s footprint. NBC will have nonexclusive access to all of the programming it sells to Hulu for the streaming service, as part of the deal with Disney the two companies announced on Tuesday.

But the $10 version for cord cutters won’t include live linear channels and won’t include same-season shows. You’ll get a bunch of reruns, most of which will also be available on Hulu if you already subscribe to that service. And you’ll get a few originals for the streaming service, the quality of which is to be determined.

So what are you getting for your $10 a month? Not much at first. And that’s the point.

NBC expects its revenue from cord cutters on its streaming service to be “completely immaterial,” according to a person familiar with the matter. The company is actively trying to make its cord-cutting streaming service inferior to its pay-TV version. The service is primarily meant as a nice additional benefit for customers who already pay for cable or satellite TV.

NBC’s decision isn’t totally motivated by supporting Comcast’s cable TV business. Now that Disney has full operational control of Hulu, Disney can bundle Hulu (or Hulu with Live TV) with Disney+ to make a compelling streaming offering that should further accelerate cord cutting. NBC is OK with this. Customers who cancel Comcast’s TV service for, say, YouTube TV will still get NBC’s streaming service for free.

NBC will certainly monitor the take rate of its streaming service among non pay-TV subscribers if cord cutting dramatically accelerates. If necessary, it can move content on and off its service thanks to Tuesday’s deal with Hulu, as well as the impending expiration of streaming-rights deals for popular shows it owns, such as “The Office.” And three years from now, when its content deal with Hulu ends, there’s an easy path for NBC to make its streaming service more compelling by making all its content exclusive to it.

But at launch next year, the NBC streaming service won’t be a compelling addition for cord cutters. And that’s the point.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC and CNBC.com.

WATCH: Comcast will sell its Hulu stake to Disney, giving Disney full control


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: alex sherman
Keywords: news, cnbc, companies, wont, cord, disney, thats, live, nbcs, service, hulu, tv, 2020, compelling, nbc, paytv, streaming, design, customers, cutters


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Trump: We’ll know in three to four weeks if China trade talks are successful

Disney to take full control over HuluComcast could either sell it at a valuation of at least $27.5 billion or whatever Hulu is appraised to be worth in five years. Technologyread more


Disney to take full control over HuluComcast could either sell it at a valuation of at least $27.5 billion or whatever Hulu is appraised to be worth in five years. Technologyread more
Trump: We’ll know in three to four weeks if China trade talks are successful Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: everett rosenfeld
Keywords: news, cnbc, companies, worth, control, billion, trump, disney, weeks, hulucomcast, hulu, trade, successful, sell, appraised, yearstechnologyread, talks, valuation, china, know


Trump: We'll know in three to four weeks if China trade talks are successful

Disney to take full control over Hulu

Comcast could either sell it at a valuation of at least $27.5 billion or whatever Hulu is appraised to be worth in five years.

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: everett rosenfeld
Keywords: news, cnbc, companies, worth, control, billion, trump, disney, weeks, hulucomcast, hulu, trade, successful, sell, appraised, yearstechnologyread, talks, valuation, china, know


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Hulu gained twice as many US subscribers as Netflix at the start of 2019

Hulu added twice as many U.S. subscribers in 2019 as Netflix did in its first quarter, according to Hulu’s newly announced subscriber numbers. Of the 28 million, 26.8 million of those subscribers pay for the service, while 1.3 million hold promotional accounts, the company said. In 2018, Hulu had 23 million paid subscribers, according to data shared at Disney’s investor day. Netflix, by comparison, reported 1.74 million net domestic paid subscriber additions in its Q1 2019 earnings report last m


Hulu added twice as many U.S. subscribers in 2019 as Netflix did in its first quarter, according to Hulu’s newly announced subscriber numbers. Of the 28 million, 26.8 million of those subscribers pay for the service, while 1.3 million hold promotional accounts, the company said. In 2018, Hulu had 23 million paid subscribers, according to data shared at Disney’s investor day. Netflix, by comparison, reported 1.74 million net domestic paid subscriber additions in its Q1 2019 earnings report last m
Hulu gained twice as many US subscribers as Netflix at the start of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: lauren feiner
Keywords: news, cnbc, companies, plan, hulus, gained, start, subscriber, subscribers, netflix, hulu, 2019, price, twice, million, paid


Hulu gained twice as many US subscribers as Netflix at the start of 2019

Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California.

Hulu added twice as many U.S. subscribers in 2019 as Netflix did in its first quarter, according to Hulu’s newly announced subscriber numbers.

Hulu now has a total U.S. customer base exceeding 28 million subscribers, up from the 25 million it claimed in January, the company announced in a presentation to advertisers in New York on Wednesday. Of the 28 million, 26.8 million of those subscribers pay for the service, while 1.3 million hold promotional accounts, the company said.

While Hulu’s subscriber base remains much smaller compared with Netflix’s, which claims 60.2 million domestic subscribers, its U.S. growth is now outpacing the streaming giant’s. In 2018, Hulu had 23 million paid subscribers, according to data shared at Disney’s investor day. (Disney owns a 60% stake in Hulu). That marks a roughly 3.8 million increase in paid domestic subscribers alone this year. Netflix, by comparison, reported 1.74 million net domestic paid subscriber additions in its Q1 2019 earnings report last month.

Hulu’s subscriber numbers could be propped up by its recent promotions and price drop compared with Netflix’s hike. Beginning in February, Hulu lowered its price of its most popular plan from $7.99 to $5.99 per month. Hulu’s announcement came one week after Netflix said it would raise the price of its most popular plan from $10.99 to $12.99 per month.

Hulu’s lower price could mean that subscribers are adding it onto their Netflix subscriptions, as some analysts suggested could be the case for Disney’s new streaming offering aimed at children and families. Netflix’s cheapest offering still costs more than Hulu’s standard plan at $8.99 per month.

Hulu also could have grown subscriber numbers through its promotion with Spotify, which allows customers to sign up for a joint plan at $12.99 per month, providing them access to both services at a discounted rate.

Disclosure: Comcast, which owns CNBC parent NBCUniversal, is a co-owner of Hulu.

Subscribe to CNBC on YouTube.

Watch: Hulu adds 3 million subscribers, announces new Marvel shows


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: lauren feiner
Keywords: news, cnbc, companies, plan, hulus, gained, start, subscriber, subscribers, netflix, hulu, 2019, price, twice, million, paid


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Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats

Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Hulu also offer


Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Hulu also offer
Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: megan graham
Keywords: news, cnbc, companies, viewer, viewing, total, presentation, shows, subscribers, announces, marvel, disney, ad, reaches, company, hulu, formats, million, 28


Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats

Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. It’s also introducing new advertising features and several new shows, including two new series featuring Marvel Comics characters. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Disney, which owns 60% of Hulu, will pull content from Netflix this year to stream on its own new service, Disney+, which launches in November. The service is expected to become a key part of Disney’s streaming strategy. At an investors’ presentation last month, Disney said it would offer Hulu as a bundle if people subscribe to Disney+ and ESPN+. CNBC reported last month that Comcast, which owns NBCUniversal, was in talks with Disney to sell its 30% stake in Hulu.

New ad products

Hulu’s new “binge advertising” experience comes as advertisers are increasingly seeking to reach customers in a way that doesn’t annoy them or disrupt their experience. This new format will “make it possible for marketers to target binge viewers with a creative that is situationally relevant to their viewing behavior,” the company said in a statement. Peter Naylor, Hulu’s SVP and head of ad sales, said the platform will identify when someone is “binge viewing,” or watching at least three episodes of the same series, and will serve tailored messages to that viewing behavior. He said it could take the form of a message saying a viewer can watch the next episode for free, or a personalized offer from a brand. On the screen at the presentation, the company showed a sample message from Starbucks: An ad for a S’mores Frappuccino with the words, “S’more of this. Watch the next episode for free. Brought to you by Starbucks.” Hulu also offers “pause ads,” which are static advertisements that appear when a viewer pauses their content on Hulu. The company said it’s expanding the availability of those pause ads to all its advertisers beginning in August, following a beta test with Coca-Cola and Charmin. Naylor also said the company is now capping every or ad break at 90 seconds. He said users will not see the same ad more than twice in an hour, and said no ad will run more than four times a day per viewer. This comes after some viewers have bemoaned the number of times they’ve seen certain ads on the platform.

(L-R) Stephanie Savage, Rhenzy Feliz, Lyrica Okano, Virginia Gardner, Gregg Sulkin, Ariela Barer, and Allegra Acosta speak onstage at the Marvel’s Runaways panel during New York Comic Con 2018 at The Hulu Theater at Madison Square Garden on October 5, 2018 in New York City. Craig Barritt | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: megan graham
Keywords: news, cnbc, companies, viewer, viewing, total, presentation, shows, subscribers, announces, marvel, disney, ad, reaches, company, hulu, formats, million, 28


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Hulu gained twice as many US subscribers as Netflix at the start of 2019

Hulu added twice as many U.S. subscribers in 2019 as Netflix did in its first quarter, according to Hulu’s newly announced subscriber numbers. Of the 28 million, 26.8 million of those subscribers pay for the service, while 1.3 million hold promotional accounts, the company said. In 2018, Hulu had 23 million paid subscribers, according to data shared at Disney’s investor day. Netflix, by comparison, reported 1.74 million net domestic paid subscriber additions in its Q1 2019 earnings report last m


Hulu added twice as many U.S. subscribers in 2019 as Netflix did in its first quarter, according to Hulu’s newly announced subscriber numbers. Of the 28 million, 26.8 million of those subscribers pay for the service, while 1.3 million hold promotional accounts, the company said. In 2018, Hulu had 23 million paid subscribers, according to data shared at Disney’s investor day. Netflix, by comparison, reported 1.74 million net domestic paid subscriber additions in its Q1 2019 earnings report last m
Hulu gained twice as many US subscribers as Netflix at the start of 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: lauren feiner
Keywords: news, cnbc, companies, plan, hulus, gained, start, subscriber, subscribers, netflix, hulu, 2019, price, twice, million, paid


Hulu gained twice as many US subscribers as Netflix at the start of 2019

Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California.

Hulu added twice as many U.S. subscribers in 2019 as Netflix did in its first quarter, according to Hulu’s newly announced subscriber numbers.

Hulu now has a total U.S. customer base exceeding 28 million subscribers, up from the 25 million it claimed in January, the company announced in a presentation to advertisers in New York on Wednesday. Of the 28 million, 26.8 million of those subscribers pay for the service, while 1.3 million hold promotional accounts, the company said.

While Hulu’s subscriber base remains much smaller compared with Netflix’s, which claims 60.2 million domestic subscribers, its U.S. growth is now outpacing the streaming giant’s. In 2018, Hulu had 23 million paid subscribers, according to data shared at Disney’s investor day. (Disney owns a 60% stake in Hulu). That marks a roughly 3.8 million increase in paid domestic subscribers alone this year. Netflix, by comparison, reported 1.74 million net domestic paid subscriber additions in its Q1 2019 earnings report last month.

Hulu’s subscriber numbers could be propped up by its recent promotions and price drop compared with Netflix’s hike. Beginning in February, Hulu lowered its price of its most popular plan from $7.99 to $5.99 per month. Hulu’s announcement came one week after Netflix said it would raise the price of its most popular plan from $10.99 to $12.99 per month.

Hulu’s lower price could mean that subscribers are adding it onto their Netflix subscriptions, as some analysts suggested could be the case for Disney’s new streaming offering aimed at children and families. Netflix’s cheapest offering still costs more than Hulu’s standard plan at $8.99 per month.

Hulu also could have grown subscriber numbers through its promotion with Spotify, which allows customers to sign up for a joint plan at $12.99 per month, providing them access to both services at a discounted rate.

Disclosure: Comcast, which owns CNBC parent NBCUniversal, is a co-owner of Hulu.

Subscribe to CNBC on YouTube.

Watch: Hulu adds 3 million subscribers, announces new Marvel shows


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: lauren feiner
Keywords: news, cnbc, companies, plan, hulus, gained, start, subscriber, subscribers, netflix, hulu, 2019, price, twice, million, paid


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Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats

Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Hulu also offer


Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Hulu also offer
Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: megan graham
Keywords: news, cnbc, companies, viewer, viewing, total, presentation, shows, subscribers, announces, marvel, disney, ad, reaches, company, hulu, formats, million, 28


Hulu reaches 28 million subscribers and announces new Marvel shows and ad formats

Hulu announced at a presentation to advertisers Wednesday that it now has 26.8 million paid subscribers. It’s also introducing new advertising features and several new shows, including two new series featuring Marvel Comics characters. Hulu said its total customer base is now made up of 26.8 million monthly paid subscribers, with 1.3 million promotional accounts, reaching a total of more than 28 million. The company had said in January that it had 25 million total subscribers. Meanwhile, competitor Netflix said in April that it had reached 148.8 subscribers globally and 60.2 million subscribers domestically. Disney, which owns 60% of Hulu, will pull content from Netflix this year to stream on its own new service, Disney+, which launches in November. The service is expected to become a key part of Disney’s streaming strategy. At an investors’ presentation last month, Disney said it would offer Hulu as a bundle if people subscribe to Disney+ and ESPN+. CNBC reported last month that Comcast, which owns NBCUniversal, was in talks with Disney to sell its 30% stake in Hulu.

New ad products

Hulu’s new “binge advertising” experience comes as advertisers are increasingly seeking to reach customers in a way that doesn’t annoy them or disrupt their experience. This new format will “make it possible for marketers to target binge viewers with a creative that is situationally relevant to their viewing behavior,” the company said in a statement. Peter Naylor, Hulu’s SVP and head of ad sales, said the platform will identify when someone is “binge viewing,” or watching at least three episodes of the same series, and will serve tailored messages to that viewing behavior. He said it could take the form of a message saying a viewer can watch the next episode for free, or a personalized offer from a brand. On the screen at the presentation, the company showed a sample message from Starbucks: An ad for a S’mores Frappuccino with the words, “S’more of this. Watch the next episode for free. Brought to you by Starbucks.” Hulu also offers “pause ads,” which are static advertisements that appear when a viewer pauses their content on Hulu. The company said it’s expanding the availability of those pause ads to all its advertisers beginning in August, following a beta test with Coca-Cola and Charmin. Naylor also said the company is now capping every or ad break at 90 seconds. He said users will not see the same ad more than twice in an hour, and said no ad will run more than four times a day per viewer. This comes after some viewers have bemoaned the number of times they’ve seen certain ads on the platform.

(L-R) Stephanie Savage, Rhenzy Feliz, Lyrica Okano, Virginia Gardner, Gregg Sulkin, Ariela Barer, and Allegra Acosta speak onstage at the Marvel’s Runaways panel during New York Comic Con 2018 at The Hulu Theater at Madison Square Garden on October 5, 2018 in New York City. Craig Barritt | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: megan graham
Keywords: news, cnbc, companies, viewer, viewing, total, presentation, shows, subscribers, announces, marvel, disney, ad, reaches, company, hulu, formats, million, 28


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Comcast is in talks to sell its 30% stake in Hulu to Disney

Disney and Comcast are holding talks about working out a deal for Comcast’s 30% stake, according to people familiar with the matter. Hulu last week bought back a 9.5% stake in itself from Time-Warner owner AT&T, in a deal that values Hulu at $15 billion. That 9.5% stake will be split between Disney and Comcast, unless Disney consolidates the entire company. But just as Comcast came off the sidelines, 21st Century Fox agreed to sell its 30% stake in Hulu to Disney. Instead of being an equal owner


Disney and Comcast are holding talks about working out a deal for Comcast’s 30% stake, according to people familiar with the matter. Hulu last week bought back a 9.5% stake in itself from Time-Warner owner AT&T, in a deal that values Hulu at $15 billion. That 9.5% stake will be split between Disney and Comcast, unless Disney consolidates the entire company. But just as Comcast came off the sidelines, 21st Century Fox agreed to sell its 30% stake in Hulu to Disney. Instead of being an equal owner
Comcast is in talks to sell its 30% stake in Hulu to Disney Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: alex sherman, david a grogan
Keywords: news, cnbc, companies, sell, stake, companys, streaming, owner, 30, hulu, deal, talks, comcast, disney, nbc


Comcast is in talks to sell its 30% stake in Hulu to Disney

Comcast has had a frustrating run as a partial owner of video streaming platform Hulu, but that doesn’t make the decision to sell its minority stake in the company any easier.

Disney and Comcast are holding talks about working out a deal for Comcast’s 30% stake, according to people familiar with the matter. Comcast is now weighing the pros and cons of doing a deal now rather than later, said these people, who asked not to be named because the discussions are private. It’s still unclear if a deal will transpire.

The two companies are the last remaining owners of a company that was originally founded as a joint venture between several media giants. Hulu last week bought back a 9.5% stake in itself from Time-Warner owner AT&T, in a deal that values Hulu at $15 billion. That 9.5% stake will be split between Disney and Comcast, unless Disney consolidates the entire company.

“On Hulu, the relationship with NBC, it’s very much in everybody’s interest to maintain,” Comcast CEO Brian Roberts said Thursday during an interview on CNBC’s “Squawk Box.” “And we have no new news today on it, other than it’s really valuable. And we’re really glad we own a large piece of it.”

For years, Comcast was barred from having a say in Hulu’s direction — part of a consent decree Comcast agreed to when it acquired NBCUniversal in 2011. (NBCUniversal is the parent company of CNBC.)

Seven years later, Comcast’s ownership in Hulu switched from passive to active, when the consent decree expired in 2018. That gave Roberts and NBC CEO Steve Burke some say in the company’s future.

But just as Comcast came off the sidelines, 21st Century Fox agreed to sell its 30% stake in Hulu to Disney. That deal, which closed last month, effectively silenced Comcast once again. Instead of being an equal owner with Fox and Disney, Comcast now owns a minority stake to Disney’s 60%.

“Fifty years from now will we be in Hulu? No, I don’t think we will,” Burke told Variety in January. “But I don’t think we’ll sell in five minutes.”

As of today, NBC provides about 17% of Hulu’s content. NBC has no plans to remove content from Hulu, which will continue to serve as NBC’s vessel for same-season shows even after the launch of the company’s new streaming service in 2020, according to people familiar with the matter. (NBC’s streaming service will showcase the company’s library of TV shows and movies.)

There are compelling reasons for Comcast to hold and to sell. Here’s what Comcast is debating, according to people familiar with the company’s thinking.


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: alex sherman, david a grogan
Keywords: news, cnbc, companies, sell, stake, companys, streaming, owner, 30, hulu, deal, talks, comcast, disney, nbc


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Stocks moving after hours: J.B. Hunt, AT&T, American Airlines and more

Check out the companies making headlines after the bell:Shares of J.B. Hunt sank more than 4% in extended trading Monday following the release of the transportation company’s first-quarter results. J.B. Hunt reported earnings per share of $1.09 on revenue of $2.09 billion. Wall Street was looking for earnings per share of $1.26 on revenue of $2.21 billion, according to Refinitiv. Shares of AT&T dipped negative after market close Monday following news that the telecommunications company is sellin


Check out the companies making headlines after the bell:Shares of J.B. Hunt sank more than 4% in extended trading Monday following the release of the transportation company’s first-quarter results. J.B. Hunt reported earnings per share of $1.09 on revenue of $2.09 billion. Wall Street was looking for earnings per share of $1.26 on revenue of $2.21 billion, according to Refinitiv. Shares of AT&T dipped negative after market close Monday following news that the telecommunications company is sellin
Stocks moving after hours: J.B. Hunt, AT&T, American Airlines and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: maggie fitzgerald, bloomberg, getty images
Keywords: news, cnbc, companies, stake, att, airlines, revenue, hulu, stocks, valued, american, hunt, company, hours, selling, moving, jb, billion, transportation, share


Stocks moving after hours: J.B. Hunt, AT&T, American Airlines and more

Check out the companies making headlines after the bell:

Shares of J.B. Hunt sank more than 4% in extended trading Monday following the release of the transportation company’s first-quarter results. J.B. Hunt reported earnings per share of $1.09 on revenue of $2.09 billion. Wall Street was looking for earnings per share of $1.26 on revenue of $2.21 billion, according to Refinitiv.

The trucking company said lower productivity in regions affected by winter weather, and higher driver salaries and benefits contributed to the disappointing quarterly revenue. Transportation costs for newly added railroads also increased, the company said in a release.

Shares of AT&T dipped negative after market close Monday following news that the telecommunications company is selling its minority stake in Hulu. AT&T is selling its 9.5% stake in Hulu, valued at $1.43 billion, back to the streaming service. AT&T said it will use the proceeds from the transaction to reduce its debt. Hulu is valued at around $15 billion.

American Airlines shares ticked 1% higher after the bell Monday. On Sunday the airline said it is cancelling all Boeing 737 Max flights through August 19, affecting about 115 flights per day. The Boeing-made aircraft is still grounded and it is unclear when the fleet will return to air.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: maggie fitzgerald, bloomberg, getty images
Keywords: news, cnbc, companies, stake, att, airlines, revenue, hulu, stocks, valued, american, hunt, company, hours, selling, moving, jb, billion, transportation, share


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AT&T sells Hulu stake, valuing the video streaming company at $15 billion

Hulu has repurchased AT&T’s 9.5 percent stake in the business for $1.43 billion, giving the streaming company a valuation of $15 billion. The transaction, announced on Monday, indicates that Hulu continues to gain popularity, even as the market for over-the-top content becomes increasingly crowded. The valuation is a big step up from November, when Disney said in a regulatory filing that the company was worth $9.26 billion. Hulu is owned by a group of media companies, including Comcast, which ow


Hulu has repurchased AT&T’s 9.5 percent stake in the business for $1.43 billion, giving the streaming company a valuation of $15 billion. The transaction, announced on Monday, indicates that Hulu continues to gain popularity, even as the market for over-the-top content becomes increasingly crowded. The valuation is a big step up from November, when Disney said in a regulatory filing that the company was worth $9.26 billion. Hulu is owned by a group of media companies, including Comcast, which ow
AT&T sells Hulu stake, valuing the video streaming company at $15 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: ari levy, janhvi bhojwani
Keywords: news, cnbc, companies, stake, sells, hulu, att, owned, including, disney, billion, valuation, giving, company, comcast, video, transaction, streaming, valuing, 15


AT&T sells Hulu stake, valuing the video streaming company at $15 billion

Hulu has repurchased AT&T’s 9.5 percent stake in the business for $1.43 billion, giving the streaming company a valuation of $15 billion.

The transaction, announced on Monday, indicates that Hulu continues to gain popularity, even as the market for over-the-top content becomes increasingly crowded. The valuation is a big step up from November, when Disney said in a regulatory filing that the company was worth $9.26 billion.

Hulu is owned by a group of media companies, including Comcast, which owned 30 percent of the company before today; and Disney, which owned 60 percent, including 30 percent gained in its recent acquisition of Fox.

AT&T said it will use proceeds of the transaction to reduce its debt. AT&T purchased Time Warner last year, giving the company ownership of HBO, which has its own streaming offerings.

Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: ari levy, janhvi bhojwani
Keywords: news, cnbc, companies, stake, sells, hulu, att, owned, including, disney, billion, valuation, giving, company, comcast, video, transaction, streaming, valuing, 15


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