Tag Archives: Hulu

Disney to Take Full Control Over Hulu

The Walt Disney Company and Comcast Corporation announced today that Disney will assume full operational control of Hulu, effective immediately, in return for Disney and Comcast entering into a “put/call” agreement regarding NBCUniversal’s 33% ownership interest in Hulu. Under the put/call agreement, as early as January 2024, Comcast can require Disney to buy NBCUniversal’s interest in Hulu and Disney can require NBCUniversal to sell that interest to Disney for its fair market value at that future time. Hulu’s fair market value will be assessed by independent experts but Disney has guaranteed a sale price for Comcast that represents a minimum total equity value of Hulu at that time of $27.5 billion.

“Hulu represents the best of television, with its incredible array of award-winning original content, rich library of popular series and movies, and live TV offerings. We are now able to completely integrate Hulu into our direct-to-consumer business and leverage the full power of The Walt Disney Company’s brands and creative engines to make the service even more compelling and a greater value for consumers,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company, in a statement this morning.

Disney and Comcast have agreed to fund Hulu’s recent purchase of AT&T Inc.’s 9.5% interest in Hulu, pro rata to their current two thirds/one third ownership interests and, going forward, Comcast will have the option but not the obligation to fund its proportionate share of Hulu’s future capital calls and will be diluted if it elects not to fund. Disney has agreed that only $1.5 billion of any year’s capital calls can be funded through further equity investments with any capital in excess of that annual amount being funded by non-diluting debt. Whether Comcast funds its share of those equity capital calls or not, Disney has agreed that Comcast’s ownership interest in Hulu will never be less than 21% such that Comcast is guaranteed to receive at least $5.8 billion under the put/call agreement.

In addition to the put/call agreement, Comcast has agreed with Hulu to extend the Hulu license of NBCUniversal content and the Hulu Live carriage agreement for NBCUniversal channels until late 2024 and to distribute Hulu on its Xfinity X1 platform. NBCUniversal can terminate most of its content license agreements with Hulu in three years’ time, and in one year’s time NBCUniversal will have the right to exhibit on its own OTT service certain content that it currently licenses exclusively to Hulu in return for reducing the license fee payable by Hulu.

Four Marvel Animated Shows Coming to Hulu

Four Marvel Television animated series are coming to Hulu based on Marvel characters M.O.D.O.K., Hit-Monkey, Tigra, Dazzler, and Howard the Duck, all leading into a special animated event!

Hulu announced the news today at the Television Critics Association press tour that four new Marvel Television animated series are on the way, including “Marvel’s M.O.D.O.K.,” “Marvel’s Hit Monkey,” “Marvel’s Tigra & Dazzler Show,” and “Marvel’s Howard the Duck.” The series will all lead into a special animated event for Hulu, “Marvel’s The Offenders.” 

In “Marvel’s M.O.D.O.K.,” M.O.D.O.K, an egomaniacal Super Villain with a really big head and a really little body, struggles to maintain control of his evil organization and his demanding family. “Marvel’s M.O.D.O.K.” comes from writers Jordan Blum and Patton Oswalt, with Blum, Oswalt and Jeph Loeb serving as Executive Producers.

“Marvel’s Hit Monkey” tells the tale of a wronged Japanese snow monkey, mentored by the ghost of an American assassin, as he cuts a wide swath through the Tokyo underworld in this darkly cinematic and brutally funny revenge saga. “Marvel’s Hit Monkey” comes from writers Josh Gordon and Will Speck, with Gordon, Speck and Jeph Loeb serving as Executive Producers. 

In “Marvel’s Tigra & Dazzler Show,” two woke Super Heroes and best friends, Tigra and Dazzler, fight for recognition among powered people who make up the eight million stories in Los Angeles. “Marvel’s Tigra & Dazzler Show” comes from writers Erica Rivinoja and Chelsea Handler, with Rivinoja, Handler, and Jeph Loeb serving as Executive Producers.

Trapped in a world he never made, America’s favorite fighting fowl Howard the Duck hopes to return home with the help of his unstoppable gal pal Beverly before the evil Dr. Bong can turn him the crispiest dish on the menu, in “Marvel’s Howard the Duck.” “Marvel’s Howard the Duck” comes from writersKevin Smith and Dave Willis, with Smith, Willis, and Jeph Loeb serving as Executive Producers.

Finally, nobody asked them to, and we’d be better off if they didn’t, but M.O.D.O.K., Dazzler, Tigra, Hit Monkey and Howard the Duck are all forced to team up in order to save the world and certain parts of the Universe in “Marvel’s The Offenders.” Jeph Loeb serves as Executive Producer, while writers and additional Executive Producers for the project will be announced at a later point. “A giant head. A monkey. A tiger lady and a disco queen. And the duck. Brought together because no one else could but Marvel Television on Hulu. M.O.D.O.K., Hit Monkey, Tigra & Dazzler and Howard the Duck will form a team no one asked for — The Offenders (and wait until you see who the Team Leader is!)!  We have such tremendous talent bringing amazing adult animation that’s fun, fresh and fantastic.  We’re so excited for what’s to come!” exclaimed executive producer Jeph Loeb, Head of Marvel Television.

Source: Marvel.com