Hulu finally will have one owner. Walt Disney and Comcast NBCUniversal said they agreed that Comcast will sell its one-third stake in the streaming service as early as January 2024. Under the terms of the agreement, Disney takes full operational control immediately and has agreed to value Hulu at no less than $27.5 billion. That means it will pay NBC at least $5.8 billion for its stake. The...
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Meta’s Resistance to Sharing Ad Sales Starts to Crumble
For at least a year, one question has hung over Meta Platforms-owned Facebook and Instagram: whether the apps will introduce a way to share a cut of ad revenues with more creators, similar to how YouTube pays video-makers. Our story today by Sylvia and Kaya goes deep into the debate at Meta over introducing ad-revenue sharing, which some staff viewed as a slippery slope, and a parallel argument...
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Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators