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Here’s what Disney plans to do with Hulu in Comcast deal

Hulu is now officially part of the Magic Kingdom. Walt Disney has inked a wide-ranging deal with Hulu partner Comcast to take over operational control of the popular streaming video service known for “The Handmaid’s Tale” and reruns of hit shows like “Seinfeld” and “South Park.” Under the deal announced Tuesday, Comcast will give up three seats on Hulu’s board and retains the right to demand Disney buy its 33 percent stake in the streaming service in five years. Disney, meanwhile, has guaranteed that Hulu’s equity value at the time of any sale will be at least $27.5 billion — valuing Comcast’s Hulu stake at roughly $9 billion. Last month, AT&T sold its 9.5 percent stake back to Hulu in a deal that valued the str ...