NBCUniversal is looking for a huge payday from Disney for the remainder of Hulu
It looks like NBCUniversal has thrown in the towel on buying Hulu back from Disney, and instead hopes to get as big a payday as possible in order to hand over their share of the streamer. Originally started as a multi-network partnership, Disney acquired majority control of Hulu as part of their acquisition of 20th Century Fox and its entertainment assets. Now, Disney holds 2/3 of the streaming platform, with NBCUniversal in control of the other third.
"We have a put, they have a call," NBCUniversal CEO Jeff Shell said at an investor conference on Monday ."We think [Hulu] is worth a lot of money because it's sold on a full control basis as if you were auctioning it off. And I think [there are] no indications that anything else is going to happen [other] than Disney writing us a big check for the asset in 2024."
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