According to Comcast Chief Executive Brian Roberts, it is expected that Comcast will sell its 33% share in Hulu to Disney at the start of 2024.
In 2019, Comcast and Disney made a deal which granted Disney the opportunity to purchase Comcast’s minority stake in 2024. This agreement established a minimum valuation of $27.5 billion for Hulu, reported CNBC.
“It’s more likely than not we will go through with what we’ve said all along,” Roberts said at the SVB MoffettNathanson investor conference. “The vast majority case is that we’ll put and they’ll call in the beginning of next year.”
According to Roberts, it is probable that the ultimate price for Hulu will exceed the initial valuation of $27.5 billion established in 2019.
Read more: New Suit Claims Disney Uses Hulu, ESPN To Raise Streaming Costs
Hulu is a streaming service owned by Disney that caters to adult audiences. It is offered in a bundle with ESPN+ and Disney+ for a starting price of $12.99 per month. Comcast holds minority ownership in Hulu but does not have any operational authority. As of the end of Disney’s second fiscal quarter, Hulu had 48.2 million subscribers.
According to Iger, there have been discussions between Comcast and Disney regarding Hulu this year. In February, Iger stated on CNBC that all options are being considered for Hulu.
