Disney bought Hulu. What's it mean for cord cutters, binge watchers?

The Walt Disney Co., which assisted launch the video provider nearly 12 years ago, already owned two-thirds of the streaming and on-demand video service.

Disney had grown its share through its $71.3-billion acquisition of 21st Century Fox's movie and TV studios, which closed in March, and its $1.43-billion deal for the 9.5% share that AT&T owned. AT&T got that in its own media merger last year, an $85-billion deal for Time Warner.

That left Comcast, which owns NBC Universal, as the only left over non-Disney Hulu stakeholder, holding one-third. (Comcast/NBC Universal, Fox, Disney, and Time Warner were early Hulu investors.)
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