Disney takes full control of Hulu after striking deal with Comcast

By Laura Mullan
Walt Disney Co. has announced that it will take full control over video streaming service Huluafter striking a deal with Comcast. In return, Disney and...

Walt Disney Co. has announced that it will take full control over video streaming service Hulu after striking a deal with Comcast.

In return, Disney and Comcast have entered a 'put/call' agreement that will give Comcast the option to sell its stake in the streaming video service to Disney. 

Under the deal, Comcast can ask Disney to buy the 33% stake its subsidiary NBCUniversiary owns in Hulu as early as January 2024. 

Comcast is guaranteed at least $5.9bn for its Hulu stake, giving the video streaming service a valuation of at least $27.5bn.

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“Hulu represents the best of television, with its incredible array of award-winning original content, rich library of popular series and movies, and live TV offerings,” said Disney CEO Bob Iger.

“We are now able to completely integrate Hulu into our direct-to-consumer business and leverage the full power of The Walt Disney Company’s brands and creative engines to make the service even more compelling and a greater value for consumers.”

 

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