Comcast, Disney move up deadline to decide Hulu future ownership
Publishing timestamp: 2023-09-06 13:04:30
Summary
Comcast and Disney have modified their agreement to begin the process of deciding the future ownership of Hulu. The timeline for this decision has been moved up to September 2021, months earlier than the initial deadline of January 2024. The discussions will include an appraisal process, and the valuation of Hulu will consider factors such as its content and bundling with other Disney services. Comcast CEO Brian Roberts believes that Hulu is a valuable streaming business, second only to Netflix. The sale of Hulu is expected to be the first-ever sale of a streaming service of this magnitude.
Sentiment: NEUTRAL
Keywords: walt disney co, business news, business, comcast corp, breaking news: business, entertainment, media,
Source: https://www.cnbc.com/2023/09/06/comcast-disney-move-up-deadline-to-decide-hulu-future-ownership.html