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Everyone in the entertainment business remembers how the Trump administration stood aside when Bob Iger and Rupert Murdoch cut their giant deal, in 2017, delivering most of 21st Century Fox to Disney for $71 billion. But here’s a detail from that regulatory review that hasn’t been reported: Disney, in an effort to smooth approval, told regulators it would divest Hulu, the streamer it then co-owned with rival studios. The Department of Justice rejected the offer and insisted that Disney keep Hulu. Why? Trump 1.0 viewed a muscular Hulu as a necessary counterweight to Netflix’s growing dominance in streaming. (Disney, of course, then bought out Comcast’s stake.)