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this post was submitted on 02 Nov 2023
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This is the best summary I could come up with:
The entertainment giant announced Wednesday that it “expects it will pay” $8.61 billion to acquire Comcast’s 33 percent stake, giving Disney full ownership of Hulu.
Both Disney and Comcast agreed to an appraisal process that will evaluate Hulu’s equity fair value as of September 30th.
The deal was initially set to take place in 2024, but Comcast and Disney agreed to move the date to September 30th.
“That was just a hypothetical that we picked five years ago,” said Comcast CEO Brian Roberts during an investors conference in September.
With Hulu barely seeing a shift in subscribers last quarter, Disney announced a price hike across all of its streaming services and hinted at a password-sharing crackdown.
Disclosure: Comcast’s NBCU division is a minority investor in Vox Media, The Verge’s parent company.
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