Cynthia Littleton Business EditorComcast is in no rush to exit its position in Hulu, executives told Wall Street analysts on Thursday as they also touted the steady growth of NBCUniversal’s Peacock streaming platform.Comcast and Disney are scheduled to formally part ways in the Hulu venture in 2024, under the terms of a deal struck in 2019 after Disney became the majority owner of Hulu through its acquisition of 21st Century Fox.
Comcast is expected to sell its 33% stake to Disney as early as January of 2024 at a minimum price of $27.5 billion, per the terms of the 2019 deal.On Thursday, after Comcast released strong third-quarter earnings, executives were pressed for updates on Comcast’s thinking on Hulu, amid speculation that Disney and.
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