Breaking: Disney Acquires Full Control of Hulu from Comcast for $439 Million
By Archyde Media Team,
Disney Secures Total Ownership of Hulu
In a landmark deal, The Walt Disney Company (Disney) has acquired Comcast’s remaining stake in Hulu for approximately $439 million. This strategic move completes Disney’s decade-long acquisition spree, culminating in total control over the streaming giant.
End of an Assessment Period
This acquisition culminates a prolonged assessment period. In November 2023, Disney announced its intentions to purchase a 33% stake from Comcast for at least $8.6 billion, reflecting Hulu’s minimum guaranteed valuation of $27.5 billion. Disney and Comcast engaged external appraisers, with Disney’s appraiser valuing the asset below the guaranteed minimum and Comcast’s appraiser above it. A third appraisal settled on $438.7 million.
Historical Context: The Rise of Hulu
Hulu’s inception in 2007 was a pivotal moment, driven by major entertainment conglomerates aiming to counter the rise of Internet-based content consumption. Disney joined Hulu in 2009, offering its ABC, ESPN, and Disney Channel programming. A decade later, Disney acquired 21st Century Fox, solidifying its majority stake in Hulu.
Future Implications and Integration of Content
Disney CEO Bob Iger expressed satisfaction with the finalization of the deal and the prospect of seamless integration between Hulu and Disney+, including ESPN’s offerings. This strategic acquisition promises a unique and valuable content proposition for consumers, setting the stage for a more cohesive streaming ecosystem.
The Road Ahead
The completion of this deal is expected by July 24, 2024, without affecting Disney’s adjusted earnings forecast for fiscal year 2025. Shares of Disney experienced a minor uptick following the announcement, reflecting investor confidence in this significant move.
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news: Disney acquires full control of Hulu from Comcast in a $439 million deal. Discover the historical context, future implications, and strategic moves driving this significant acquisition." />
