From left, Jeff Bond, Linda Vaccarino, Matt Bond. (Photo from NBC Universal)

Comcast Adds Three Members to Hulu Board

September 6, 2018

Comcast has reportedly added three members to Hulu’s board of directors after restrictions associated with the media company’s 2011 acquisition of NBC Universal expired at the end of August.

Comcast, which owns 30% of Hulu along with Disney and Fox (WarnerMedia owns 10%), named Jeff Shell, chairman of Universal Filmed Entertainment, Linda Yaccarino, chairman of advertising and client partnerships at Comcast, and Matt Bond, chairman of content distribution, to the Hulu Board.

Comcast now has as many board members as Disney and Fox. The media conglomerate was previously restricted by the Department of Justice from involving itself in Hulu management decisions as an antitrust condition in the NBC Universal deal.

The move suggests Comcast is for the time being interested in being on even terms with Disney and Fox overseeing Hulu and its online TV component.

That could change when Disney’s acquisition of select 21stCentury Fox assets, which includes Fox’s stake in Hulu, is finalized. Disney would then become majority owner of Hulu.

 

Related Posts

  • Netflix Adds International Expertise to Board

    As Netflix expands globally, so too does its board of directors. The subscription streaming video pioneer added Rodolphe Belmer, CEO of Spanish satellite TV operator Eutelsat, to its board, bringing the total number of directors to 10. “We look forward…

  • Hulu Adds HBO for $4.99

    Hulu has quietly begun offering access to HBO Now at $4.99 monthly for a limited time. HBO’s over-the-top video service normally costs $14.99 monthly. The special rate is valid for six months, after which normal subscriber rates apply. Hulu, which…

  • Comcast CEO Brian Roberts Punts on Hulu Stake Question

    Late in Comcast’s July 26 fiscal call, chairman/CEO Brian Roberts was asked about becoming a minority stake holder in Hulu should Disney’s $71 billion acquisition of 20th Century Fox Film and other Fox assets be approved. Roberts replied management was…

  • Disney Ups Hulu 2018 Equity Loss to $250 Million

    The Walt Disney Co. Feb. 6 revealed it expects more than $250 million in equity losses on Hulu in 2018. The revised projection is up from a previously disclosed loss of $100 million. Disney co-owns (30%) Hulu, which has about…

Leave a Reply

Your email address will not be published. Required fields are marked *

2 × 3 =

This site uses Akismet to reduce spam. Learn how your comment data is processed.