Disney to Buy Remaining Hulu Stake from Comcast

Please note: some posts may contain affiliate links which means our team could earn money if you purchase products from our site
Disney-to-buy-remaining-Hulu-stake-from-Comcast

Disney to buy remaining Hulu stake from Comcast

The Walt Disney Company made a significant announcement today regarding the acquisition of Comcast Corp.’s 33% stake in Hulu, LLC. This move follows Comcast’s exercise of its right under the put/call arrangement between the two companies on November 1. The acquisition of Comcast’s stake aligns with Disney’s strategic streaming objectives, solidifying its position in the rapidly evolving streaming landscape.

Related – Celebrate the Holidays with Freeform’s 25 Days of Christmas Schedule for 2023

Disney-Hulu-Premium-Plan-Price-Increase-Coming-Soon

According to the terms of the put/call arrangement, Disney is expected to pay approximately $8.61 billion to NBC Universal (NBCU) by December 1. This amount represents NBCU’s percentage of the $27.5 billion guaranteed floor value for Hulu, as established in the agreement between the two companies back in 2019. The calculation factors in the anticipated outstanding capital call contributions payable by NBCU to Disney.

Related – ‘Once Upon a Studio’ adds a dash of Magic with Legends Burny Mattinson and Richard Sherman


hulu-disney-espn-logos

As part of the agreement, an appraisal process will determine Hulu’s equity fair value as of September 30, 2023. In the event that the value surpasses the guaranteed floor value, Disney will compensate NBCU with its percentage of the difference between the equity fair value and the guaranteed floor value.

While the exact timeline for the appraisal process remains uncertain, the expectation is that it should conclude during the 2024 calendar year. This strategic move by Disney underscores its commitment to expanding its influence in the streaming industry and staying at the forefront of the ever-changing media landscape.


D2T-1

Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.

Get started below for your FREE No Obligation Quote.

Book With our friends at Destinations to Travel

Name(Required)
MM slash DD slash YYYY
This field is for validation purposes and should be left unchanged.

For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!

[embedyt] https://www.youtube.com/embed?listType=playlist&list=PLaSbG9lMPJL-dgV4UdivdPgzoJZa0mXKt[/embedyt]

Written by:

12,943 Posts

Chip is the owner, editor, and writer of Chip and Company. When he is not writing about Disney News or Planning Tips, you will find him counting down the days to his next Disney Vacation.
View All Posts
Follow Me :