Business / Finance

Comcast, Disney Accelerate Hulu Ownership Talks

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2023-09-06 19:43:22  • 2 mins

(RTTNews) - Comcast CEO Brian Roberts has announced that discussions regarding Hulu's ownership are set to begin on September 30, several months ahead of the original January 2024 deadline.

Under the 2019 agreement, Comcast can compel Disney to buy its remaining 33% stake, or Disney can require Comcast to sell, with a minimum total equity value of $27.5 billion.

Roberts expressed optimism about resolving the matter, highlighting that Hulu's value has surged since Disney took control, making it a far more valuable asset today. Hulu now ranks as the second-largest streaming service, trailing only Netflix.

This deal marks a historic moment, representing the first sale of a streaming service of this magnitude. Each company will have its appraiser, potentially bringing in a third in case of valuation disparities.

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