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Tag: disney
Comcast gives Disney control of Hulu, agrees buy-out option
2019-05-14 16:30:00| Telecompaper Headlines
(Telecompaper) Comcast has agreed to hand control of the OTT TV platform Hulu to Disney. The latter already owns a majority of the shares and will assume full operational control of Hulu, effective immediately. In return, Comcast secured a guaranteed price for its stake in Hulu if its decides to sell to Disney in the next five years.
Tags: control
option
disney
agrees
Disney and Comcast agree on Hulu's future governance and ownership
2019-05-14 15:30:50| Digital TV News
Disney (NYSE: DIS) and Comcast (NASDAQ: CMCSA) have announced that Disney will assume full operational control of Hulu, effective immediately, in return for Disney and Comcast entering into a 'put/call' agreement regarding NBCUniversals 33% ownership interest in Hulu.
Tags: future
agree
ownership
disney
Last week in media: Walt Disney dominates, broadcasters ITV, ProSieben and Viacom update on streaming video services
2019-05-13 07:00:00| Telecompaper Headlines
(Telecompaper) Walt Disney once more dominated the news in the global media market. The Telecompaper Stock Index (TPSI) Global Consumer Media performed in line (-2.1%) with the S&P 500 index (-2.2%) in week 19. Other news was mostly earnings and streaming video related. ITV, Snap and McClathcy all lost 11 percent, whereas Sinclair Broadcast was the week's biggest winner with a gain of no less than 38 percent. This puts Sinclair easily on top in the year-to-date view, gaining 135 percent. Snap, winning 90 percent, nearly doubled from the end of 2018.
Tags: services
video
media
week
Disney sells 21 regional sports networks to Sinclair in deal valued at USD 10.6 bln
2019-05-06 09:14:00| Telecompaper Headlines
(Telecompaper) Disney said it has sold the 21 regional sports networks it acquired at the time it bought 21st Century Fox to the Sinclair Broadcast Group, for a total value of USD 10.6 billion. The total price reflects a purchase price of USD 9.6 billion and adjustments for minority equity interests. The deal will complete after receiving the usual closing conditions, including the approval of the US Department of Justice. It has been unanimously approved by the voard of directors of both Sinclair and Disney.
Tags: sports
deal
regional
networks
Last week in media: Alphabet leads the sector down, Facebook and Google working on privacy, Sinclair nearing deal with Disney
2019-05-06 07:00:00| Telecompaper Headlines
(Telecompaper) First, earnings season was well on its way with reports from:
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