Disney is taking 'full operational control' over Hulu from Comcast

2:51 PM ET Tue, 14 May 2019

Comcast and The Walt Disney Company announced an agreement to give Disney full control over Hulu. Comcast would keep its 33 percent stake in the streaming service for the next five years, after which it would have the option to sell its shares for a minimum of $5.8 billion. This comes as Comcast, a parent company of CNBC, is planning its own streaming service.