Hulu might look very different a year from now. AT&T has sold its roughly 10 percent stake in Hulu back to the streaming service today for $1.43 billion dollars, making it that much more likely that Hulu will become a Disney-centric service in the future.
Just last year, Hulu was still divided evenly between Disney, Fox, and Comcast — each owning a 30 percent cut of the company — alongside AT&T’s roughly 10 percent stake. But Disney gained a controlling interest in Hulu when it bought Fox, and the AT&T sale means Disney now owns a staggering 66 percent of the service, with Comcast owning the remaining 33 percent.
But it’s not just about the money and the percent-ownership; Disney gaining even more control over Hulu could also mean a radical shift in what Hulu even is. Right now, the site offers streaming content from a huge range of providers, including Comcast-owned NBC and Universal, and AT&T-owned networks like TBS and TNT.