Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily.
Approximately two months ago, Disney closed a deal with Comcast, the parent company of NBCUniversal, that sealed Hulu’s fate. The House of Mouse owned a majority stake in the junior streamer, but Comcast retained a 33 percent share, and Disney had been itching for full control over the app for years. By June, the two corporate giants had finally ironed out an agreement whereby Disney bought out NBCUniversal’s remaining stake in Hulu, working the books so as to underpay its entertainment rival and reap a multibillion-dollar tax benefit in the process. But the more pressing goal behind that transaction became clear this week, when Disney CEO Bob Iger announced on