Competition between digital broadcasting platforms has reached a different level. The Walt Disney announced in a statement the other day that it will purchase its remaining shares in the Hulu platform from Comcast for at least $8.6 billion. Here are the details!
Disney will buy 33 percent of Hulu’s shares for at least 8.6 billion!
There was a long-running conflict over the streaming platform Hulu. Following the statement made by Walt Disney the other day, it became clear that the conflict was over. The company stated in its statement that it would purchase the remaining 33 percent of Hulu’s shares from Comcast for at least $8.6 billion.
“Comcast’s acquisition of its shares in Hulu at fair market value will further advance Disney’s streaming ambitions.” After all these statements, Walt Disney officially started the process of purchasing Comcast’s one-third share in Hulu.
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The deal will give Disney full ownership of the streaming service and the freedom to incorporate it into Disney+. However, there is still a lot of talk about Hulu’s value. This will depend on bankers’ assessment of the publisher’s value.
The timing of the evaluation process is currently uncertain. However, Disney thinks the process will be completed in 2024. Disney’s bid to acquire other shares in the platform began in 2019. Subscription-based streaming platform Hulu was launched in 2007. 21st CenturyFox, comcast and CNN’s former parent company Time Warner It was established with joint ownership including:
Along with these, Hulu, “The Bear”, “The Handmaid’s Tale” And “Reservation Dogs” It showed significant growth with TV series and movies such as. As a result, despite increasing the service price, it managed to reach more than 48 million subscribers.
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