Is there a bidding war brewing over Hulu? Comcast chairman and CEO Brian Roberts called Hulu a “phenomenal business” — and said that if Disney were willing to sell it, the cable a…
called Hulu a “phenomenal business” — and said that if Disney were willing to sell it, the cable and media company would be interested in buying it out.
Disney currently owns 66% of Hulu and Comcast holds the remaining 33% stake. As of July 2, 2022, Disney recorded Comcast’s interest in Hulu as being worth $8.6 billion, implying a valuation of $25.8 billion. In an auction-style sale of Hulu in its entirety, Roberts suggested, Hulu may fetch more than that.
But it’s Disney’s decision about whether it wants to sell its position in Hulu — and earlier Wednesday at the Communacopia conference,. “We’d love to get to that end point earlier,” Chapek said, citing the January 2024 trigger, but he indicated that Disney in its talks with Comcast has not settled on terms for such a deal.
Roberts said he was “really happy with how Peacock has done in the last two years,” and said the streamer has increased the amount of content from 20,000 initially to 70,000 hours.
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