Tech

Disney is about to own all of Hulu


Disney is acquiring Comcast’s stake in Hulu.entertainment giant announced on wednesday Disney “is expected to pay” $8.61 billion for a 33% stake in Comcast, giving Disney full ownership of Hulu.

But Disney may end up paying more. Disney and Comcast have both agreed to a valuation process that will assess the fair value of Hulu’s equity as of September 30. If it is determined that Comcast’s shares are “above the guaranteed floor,” Disney will pay Comcast the difference.

Disney said the timing of the review process is “uncertain,” but it expects it to be completed sometime next year.It all stems from this transaction Disney production Comcast will acquire one-third of Hulu in 2019.The deal was initially slated for 2024, but Comcast and Disney agreed move date Until September 30th.

At the time, the two companies agreed on a minimum valuation of $27.5 billion for Hulu. “This is just the assumption we chose five years ago,” Comcast Chief Executive Brian Roberts said at an investor conference in September. It’s more valuable today than it was then. “

With Hulu’s subscriber numbers barely budging last quarter, Disney announced Price increases for all streaming services and hint Crack down on password sharingIn October, Hulu’s ad-free service will jump from $14.99/month to $17.99/month, while Hulu’s live TV service will jump from $68.99/month to $75.99/month. We’ll likely hear more about Disney’s plans for Hulu during the company’s earnings call. next week.

Revealed: Comcast’s NBCU unit is a minority investor in Vox Media, edge‘s parent company.



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button