Bob Chapek Brian Roberts Todd Spangler Ny San Francisco record Digital CEO Bob Chapek Brian Roberts Todd Spangler Ny San Francisco

Comcast Would Be Interested in Buying Hulu From Disney ‘If It Was Up for Sale,’ CEO Brian Roberts Says

Reading now: 360
variety.com

Todd Spangler NY Digital Editor 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 and media company would be interested in buying it out. “Hulu’s a phenomenal business.

Its scale is fantastic. It has wonderful content,” Roberts said, speaking Wednesday at Goldman Sachs’ Communacopia + Technology Conference 2022 in San Francisco. “If it was up for sale, Comcast would be interested” in buying 100% of Hulu, and “others would I think as well.” 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. Under the agreement that gave Disney operation control over Hulu, in January 2024 Comcast has the right to require Disney to buy its Hulu ownership stake (and conversely Disney has the right to force Comcast to sell it).

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA