| While speaking at a technology and media conference in New York, Comcast CEO Brian Roberts confirmed intentions to sell the company's 33% stake in Hulu to Disney. Roberts said a deal with Disney for the streamer is "more likely than
not" and "valuable for our shareholders"; he suggests the primary issue
now is settling on a fair price. - Under the terms of their agreement, in January 2024, Disney can require Comcast to sell its stake in Hulu, or vice-versa.
- The "guaranteed floor value" will be $27.5 billion; this values Comcast's stake at around $9.2 billion.
- Disney CEO Bob Iger announced a plan last week to merge Disney+ and Hulu content
into a single app by the end of the year; he told investors Disney was
engaged in "constructive" talks with Comcast, though no agreement had
been finalized.
- Hulu had around 48.2 million subscribers at the close of Q1 2023.
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