The CEO of NBCUniversal parent Comcast said it’s “more likely than not” the company will end up selling its third of Hulu to Disney, after his Mouse counterpart indicated clearly last week that thi…
“I think it’s more likely than not that we go through with what we said all along. That … they’ll put, we’ll call at the beginning of next year,” he said.
“I think Disney recognized as anybody else would recognize that Hulu is really valuable,” Roberts said. The contractual floor valuation is about $9 billion for the stake. He hopes it will be well north of that. The question is what “a willing buyer in a robust auction” would pay. “And it’s sort of a hypothetical question,” since there’s never been an asset like this for sale — a platform with more than 50 million Hulu domestic streaming subscribers, “all the content from Disney and Fox. And so what’s worth to any buyer, including Disney? We’re including Comcast, we’re including other tech companies, or whomever. And that’s what the job is…to give us one-third of that value.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney Removing Content, Hiking Prices & Merging Disney+ With Hulu After 4 Million Subscriber LossICYMI: After reporting a loss of 4M subscribers, Disney CFO Christine McCarthy says the company will... ❌ Pull some content off their streaming services. 🔽 Produce less moving forward. 🤑 Increase Disney+'s price. 🟩 Plan a content merge with Hulu. 📲
Read more »
10 Best Disney Movies Not Made By DisneyDisney's style has made it the biggest name in children's movies for decades—so much so that work from other studios often get a false Disney label.
Read more »
Hulu Schedule May 15-21: New TV & MoviesThe brand-new remake of White Men Can’t Jump is coming to Hulu as part of the Hulu schedule for May 15-21, among many other things.
Read more »
Hulu documentary delves deeper into the Randall Emmett scandalThe downfall of RandallEmmett, the subject of the 90-minute documentary “The Randall Scandal: Love, Loathing, and Vanderpump,” began with a Times investigation. Prepare for the doc’s release on hulu May 22 with this timeline of Emmett’s troubles:
Read more »