Disney and Comcast came to an agreement giving Disney full operational control of Hulu effective immediately. Comcast continues to own its 33% stake until 2024, at which point Disney or Comcast can force a sale at a price not lower than $5.8B. The deal also ensures Hulu will continue to have access to NBCU content. This is a positive for Disney as joint operational control was the hurdle in determining an international rollout strategy for Hulu and a bundling strategy for Hulu, Disney+ and ESPN+.
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Sarah Kanwal Equity Analyst, Director
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Crestwood Advisors
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