Biz: Comcast + Hulu – Power to control its investment = Is that enough?
- problemComcast wants to buy NBC Universal, but has significant reason to competitively damage online streaming site Hulu, which NBC owns a 30 percent stake in. TV fans are worried.
- solutionThe Department of Justice is forcing Comcast out of Hulu boardroom meetings, meaning they have to allow NBC content on Hulu, but otherwise have no influence on the company. source
- » Will this be enough? It’s too early to tell, but the Justice Department’s restrictions on Hulu essentially put Comcast in a position of wanting Hulu to succeed, because they won’t be able to sabotage it directly, but their money is still backing it. Comcast’s Executive Vice President David Cohen put it like so: “We continue to have an interest in the growth and advancement of Hulu …and we obviously prefer to maintain our ownership position and our partnership with our content.” Let’s see if this is what actually happens. (thanks popculturebrain)
