Change the Hub URL through powershell by using: Set-SPMetadataServiceApplication -Identity " " -HubURI " " For Ex: Set-SPMetadataServiceApplication -Identity "Managed Metadata Service" -HubURI "http://contenttype.Domain.Com" When you try to do this you get this rather scary message: This is SharePoint telling you that this is a major thing so be careful! Essentially all your content types that you have published out will be removed if they can, and you have to republish all of your content types out again which can cause some issue.
Idea, Thought, Opinion, Feedback, Challenges, Experiences on Microsoft platform.