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Disney is about to own all of Hulu | Disney’s paying more than $8 billion for Comcast’s stake in Hulu. (www.theverge.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Disney is about to own all of Hulu | Disney’s paying more than $8 billion for Comcast’s stake in Hulu.::Disney and Comcast have reached a deal on Hulu’s buyout. Disney expects to pay about $8.61 billion to get the 33 percent owned by Comcast as a result of their agreement in 2019.

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[–] [email protected] 2 points 1 year ago

This is the best summary I could come up with:

The entertainment giant announced Wednesday that it “expects it will pay” $8.61 billion to acquire Comcast’s 33 percent stake, giving Disney full ownership of Hulu.

Both Disney and Comcast agreed to an appraisal process that will evaluate Hulu’s equity fair value as of September 30th.

The deal was initially set to take place in 2024, but Comcast and Disney agreed to move the date to September 30th.

“That was just a hypothetical that we picked five years ago,” said Comcast CEO Brian Roberts during an investors conference in September.

With Hulu barely seeing a shift in subscribers last quarter, Disney announced a price hike across all of its streaming services and hinted at a password-sharing crackdown.

Disclosure: Comcast’s NBCU division is a minority investor in Vox Media, The Verge’s parent company.

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