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Transcript

00:00:00
Disney is taking full control of who is not the deal to buy Comcast taken the streaming service known for movies and TV shows like the handmaid's tale the agreement bolsters Disney as they get set to take on Netflix the film studio in entertainment giant the gobbled up the blockbuster Star Wars and Marvel studios franchises is reading its own subscription streaming service with content like the lying king who also gives Disney in already quickly growing audience for drama and thrillers augment Disney's library of kids and family films who competes with Netflix Amazon dot com's prime video and is nearly twenty seven million paid subscribers it added nearly four million in the first four months of twenty nineteen putting it on track to surpass the five point seven million Netflix added in all of last year well Disney's takeover is immediate the sale of Comcast one third stake won't happen until after January twenty twenty four in the meantime who will continue to license content from the NBC universal parent and there's a sweetener for Comcast shareholders worried about the sale a twenty seven point five billion dollar minimum valuation for Hulu baked into the deal