Hulu Deal: Walt Disney Co. Must pay another $ 438.7 million dollars Comcast Corp. For completing the purchase of Hulu streaming service, Disney said on Monday’s regulatory submission, as Bloomberg states.
The Bloomberg report said it was expected to close the transaction on July 24, 2025 and reduce Disney’s net income in the fiscal third quarter.
Disney bought the remaining share of Comcast in Hul
In 2019, Disney agreed to get one third of Comcast’s share in business at a price that appreciated the whole company at approximately $ 27.5 billion since 2024.
Both parties have launched a process of dispute resolution, which included three investment bankers who appreciate business. The process was completed on June 9, told Bloomberg.
Bloomberg said Disney has already paid Comcast $ 8.6 billion per share. In addition, Comcast did not have to contribute to Hulu $ 557 million, which was required on the basis of their partnership agreement. The comcast estimate appreciated the company up to $ 5 billion more.
Companies respond to the conclusion of an agreement
“We are pleased that it is finally resolved,” Disney CEO Bob Iger said.
“We had a productive partnership with NBC Universal and wish them good luck. The completion of Hulu’s acquisition is preparing a way for deeper and smoother integration of the general entertainment content of Hulu with Disney and soon with a direct ESPN product, which provides unbeatable value for consumers.” Iger added.
According to Bloomberg Comcast, he said in his own statement: “We wish Disney well with Hula and appreciate the cooperative way in which our teams managed partnership.”
All about hulu
Hulu is one of the first streaming television services. It has evolved from a joint venture among transmitters looking for an online content for the next day to a place where viewers can see original programming, such as the drama in the Chicago The Bear.
Business was formerly co-owner of transmitters-Disney, 21st century Fox Inc., Comcast and AT&T.
The service was a pioneer in the sale of advertising around its shows, which has now been copied by most of the main streaming services. Hulu has more than 54 million customers, Bloomberg said.
(Tagstotranslate) hulu
