The Walt Disney Company announced that it will acquire the 33% stake in the streaming service held by cable operator Comcast Corp.
Bob D'Angelo, Cox Media Group National Content Deskon Wednesday, the Walt Disney Company announced that it will acquire the 33% stake in the streaming service held by cable operator Comcast Corp.for the one-third stake owned by Comcast.
Disney, which will pay the $8.61 billion by Dec. 1, could pay more money for Hulu based on its equity value as of Sept. 30,“While the timing of the appraisal process is uncertain, we anticipate it should be completed during the 2024 calendar year,” Disney said in A securities filing confirmed that NBCUniversal triggered Disney’s purchase earlier Wednesday, according to the news outlet.
The streaming service also streams broadcast shows from ABC and Fox and has a large catalog of movie classics, along with an online television service, the newspaper reported.
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