Disney, the American media & entertainment conglomerate, announces a strategic ownership deal with Comcast to buy the stakes of Hulu, for a minimum of $27.5 billion in 2024. With this move, Comcast has become a silent investor and Disney now takes full operational control of Hulu. Earlier, Hulu was jointly owned by 21st Century Fox, …
Hulu, the American streaming service company acquires AT&T’s 10% (technically 9.5%) stake in the company over a deal of $1.43 billion. With this transaction, the unprofitable Hulu now values at $15 billion. As AT&T exits the board, Disney and Comcast remain the sole owner of Hulu with 60% and 30% stakes respectively. Upon this acquisition, …
Global telecommunications conglomerate, Comcast is planning to launch its own video streaming platform for broadband-only customers. The video streaming app will allow users to aggregate certain streaming platforms, such as Amazon Video and Netflix. Comcast, the owner of NBCUniversal, is planning to launch the new platform next year. The newly developed product is supposed to …
According to reports, Comcast customers now can enjoy SVOD service Amazon Prime Video on Xfinity X1. Comcast, the American telecommunication conglomerate has come to an agreement with the OTT service provider that would enable Comcast customers to have an access to the latter’s online video streaming platform. According to Comcast, this is the first time …
Comcast is all set to include a Netflix subscription to new and existing Xfinity cable packages. Comcast previously added Netflix to its set-top box, the Xfinity X1 in 2016, and then Netflix has added 4K video streaming services to the platform last year. Refusing to divulge the details how the subscriptions will be priced, the …
Cinedigm Corp. is all set to unveil several business agreements with Chinese partners next week. The company, however, has not divulged any details about the companies, it will be partnering with.Cinedigm currently has four OTT channels. The company offers premium feature films, and series to digital platforms such as iTunes, Netflix, and Amazon etc. It …
Streaming giant Netflix plans to spend nearly $8 billion on programming especially in creating original content. Also, it plans to have 30 local language originals, up from 8 last year. The subscriber base of Netflix is growing by leaps and bounds with 18.5 million international subscribers added the video streaming platform’s kitty in 2017 itself. …
While you read this piece of article and want to know the latest update about Net Neutrality, just for your information, 100 million people are binge-watching online videos at this moment, either by subscribing to OTT providers like Netflix, Amazon Prime etc. or live streaming their favorite sports or events on their smartphones. Now, just …
Hulu, which started its video streaming service last year, has taken a major lead among virtual MVPD operators for local station sign-ups. Hulu announced that currently, it has deals to retransmit 521 local broadcast affiliates across the U.S. With the addition of more ABC and Fox affiliates this week, Hulu said it can now offer …
With a humongous subscriber base and an impressive first quarter, Netflix is currently shining bright as its shares surged by 10%, setting a new record. As a result, the streaming giant’s market value stands at a whopping USD 110 billion. According to another report, Netflix is now one of the 59 companies in the S&P …
