Disney's massive empire has just once again expanded.
After reaching a deal with Comcast, Disney is officially taking full operational control of Hulu, says The Hollywood Reporter.
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Under the deal announced Tuesday, Disney immediately takes operational control of Hulu, and Comcast will sell its 33 percent stake to Disney within five years, Variety reports. NBCUniversal, which Comcast owns, will keep licensing content to Hulu during that time.
Disney is set to launch a new streaming service, Disney+, beginning in the fall, and Deadline reports that along with ESPN+, Disney sees Hulu as one of "three legs of the stool" in its streaming strategy.
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