From here.
So Hulu was not long ago a joint venture between Fox/Disney/NBC/Comcast/AT&T. Now it’s just Disney/NBC. And NBC is going to sell their shares to Disney in a few years, so that Disney controls 100%. Disney is also launching their Disney+ streaming service later this year, so I guess Disney needs two entire streaming services for themselves.
I’m not sure I can predict any specific doom and gloom, but it can’t be good when all of our fucking media is owned by like 3 companies, can it? I’ve actually grown rather fond of Hulu. Their movie selection sucks, but I find their TV show selection quite good, and unlike other services you can stay up to date rather than waiting for months after the series is over to have access to them.
Since Disney bought Fox, it’s unlikely that they will lose that content immediately, but given that disney now owns two different streaming services, I suspect they’re going to split some of Hulu’s content between Hulu and Disney+ so that you have to subscribe to both to get the stuff you previously got just from Hulu. NBC is interested in launching their own streaming service, so it’s likely that they yank their content from Hulu as soon as they’re legally able to. So you’re probably looking at at least 3 subscriptions now to do what Hulu alone once did.
Side rant: People still seem to hold an irrational dislike of Hulu because they originally launched with only a $6 mo option with limited commercials. Since then, they’ve released a $12 plan with no commercials. But people still seem to be insane, because all I hear on reddit about any thread relating to hulu is “WTF I HAVE TO PAY AND STILL GET COMMERCIALS? I’M GOING BACK TO NETFLIX. THIS IS RETARDED” Or even websites comparing the various services for some reason compare the $6 hulu plan to the $13 netflix plan and then say “HULU HAS COMMERCIALS WTF, GET NETFLIX”, completely ignoring the fact that it’s Hulu’s $12 plan that competes with Netflix’s $13 plan, and neither has commercials. Hulu gives you the choice of cheaper sub + commercials, or none, for cheaper than netflix, and somehow people view this as a downside compared to paying netflix a buck more a month for the same thing. Sorry for the rant, just something I’ve seen 200 times and it drives me nuts.
In any case, I don’t like Disney as a company. They’ve been changing our copyright and intellectually property rights for the worse (for society) for a century now. The fact that they’re freely buying up mega media companies with no anti-trust concerns is just a large scale sign of corruption and regulatory capture. They own a significant fraction of all TV and movie production companies, distribution companies, and distribution channels. It’s hard to imagine this won’t be worse for the consumer.
It’s funny - and sad - the media conglomerates are merging and gobbling each other up, but at the same time fragmenting and increasing the number of distribution channels so that the consumer is getting fucked from both directions at once.