Disney CEO Bob Iger said today that he’s open to selling Hulu — instead of forking over billions of dollars to buy out Comcast’s stake in the streaming platform.
Asked on CNBC about his plans for Hulu as a 2024 deadline to buy it in, or sell it off, approaches, he said: “Everything is on the table right now, so I am not going to speculate whether we are a buyer or a seller of it.
But I obviously have suggested that I’m concerned about undifferentiated general entertainment, particularly in the competitive landscape that we are operating in, and we are going to look at it very objectively and expansively.” Pressed by host David Faber on whether he’d be interested if Comcast CEO Brian Roberts inquired about buying the Disney stake, Iger said, “We will be open minded.” Faber noted that the going assumption has been that Disney would buy the remaining stake in Hulu. “And I think I am suggesting that that is not necessarily the case,” Iger said.
Disney owns two thirds of Hulu and Comcast holds the remaining third. Under a put/call agreement, Comcast can require Disney to buy its stake, and Disney can require Comcast to sell the stake, starting in January of next year.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.