Comcast CEO Brian Roberts Says It’s ‘More Likely Than Not’ They’ll Sell Remaining Hulu Stake to Disney
thewrap.comComcast CEO Brian Roberts addressed the company potentially selling its 33% stake in the streamer. “I think it’s more likely than not,” Roberts said. “I’m pretty certain if and when we sell our Hulu stake, it’ll be for more than what we have, and in fact, that’s contractually certain.”Disney currently owns 67% of Hulu with with Comcast’s NBCUniversal holding a minority stake.
That may change in 2024. Starting in January of next year, Disney can either require Comcast to sell its stake in Hulu, or Comcast can force the sale as dictated by the conditions of both companies’ 2019 agreement.
At the time of the initial agreement, Disney guaranteed a minimum total equity value of $27.5 billion for Hulu, which suggested that Comcast’s share would be worth at least $9 billion.
As of Oct. 1, 2022, Disney valued Comcast’s stake at $8.7 billion.Roberts also commented on Disney CEO Bob Iger’s recent comments about Hulu.
Read more on thewrap.com