The Walt Disney Company Completes Buyout Of Hulu As Will Pay Comcast $439 Million For Its 33% Stake,…
The Walt Disney Company Completes Buyout Of Hulu As Will Pay Comcast $439 Million For Its 33% Stake, Full Sale Will Be Complete In Late July.The years-long saga over the fate of Hulu is officially resolved, with Disney set to pay Comcast $439 million to finally complete the sale of its 33 percent stake in the streaming service.The Bob Iger-run entertainment giant agreed to buy the 33 percent stake in Hulu in 2023; after an extended appraisal process. Disney says that the full acquisition of Hulu will be completed by July 24, 2025.Back in 2023, Disney officially agreed to pay a floor of $8.61 billion for Comcast’s stake in Hulu, but the companies couldn’t agree on a final valuation for the stake, leading to an extended appraisal process due the SAG-AFTRA and WGA strikes“We are pleased this is finally resolved,” Disney CEO Bob Iger said in a statement. “We have had a productive partnership with NBCUniversal, and we wish them the best of luck. Completing the Hulu acquisition paves the way for a deeper and more seamless integration of Hulu’s general entertainment content with Disney+ and, soon, with ESPN’s direct-to-consumer product, providing an unrivaled value proposition for consumers.”In terms of animation, Hulu hosts a great variety of adult animation from the 20th Television Animation hits to FOX Entertainment’s lineup from Animation Domination. Recently the streaming service has become the new streaming destination of Cartoon Network in the US.