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Disney May Be Trying to Buy More of Hulu From AT&T's WarnerMedia

posted by Fnord666 on Thursday February 28 2019, @01:23PM   Printer-friendly
from the do-they-get-a-set-of-ears dept.

Phoenix666 writes:

CNet:

Disney is holding talks with AT&T to buy the 10 percent stake in the streaming service that the carrier holds through its WarnerMedia unit, according to a report by Variety, citing an unnamed source with knowledge of the discussions.

That raises the potential of Disney controlling 70 percent of Hulu, up from its current 30 percent stake, and it would leave Comcast as the only other owner.

Is Disney pre-emptively positioning to kill a rival to its soon-to-launch Disney+ streaming service, or does it intend to compete with itself?

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  • (Score: 2, Insightful) by Nofsck Ingcloo on Thursday February 28 2019, @10:17PM (3 children)

    by Nofsck Ingcloo (5242) on Thursday February 28 2019, @10:17PM (#808402)

    In what world does adding a 10% share to a 30% share give you a 70% share? Is this some sort of Hollywood accounting?

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    1984 was not written as an instruction manual.
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  • (Score: 1, Informative) by Anonymous Coward on Friday March 01 2019, @01:38AM (2 children)

    by Anonymous Coward on Friday March 01 2019, @01:38AM (#808506)

    By adding the 30% stake they gain by purchasing FOX not mentioned in the summary.