Brian Roberts also said Disney will likely shortly use a put option to take over NBCUniversal’s minority stake in Hulu after a sales process starting on Sept. 30.
He also talked about the valuation for the Hulu stake, which would likely have a floor of just under $30 billion. “I think we are excited to get this resolved and the minimum of $27.5 billion, that was just a hypothetical we picked out five years. The company is way more valuable today than it was then,” Roberts said, while arguing Hulu and Netflix are “in a class by themselves.”
Roberts also talked about the Disney-Charter showdown. “This dispute is putting tension around some issues. I hope they work it out. It’s in the interests of consumers,” Roberts told the investors conference. With cord-cutting and streaming losses continuing to impact media and entertainment companies, Charter has complained that the rising affiliate fees they have to shell out for TV networks reaching fewer and fewer viewers makes less business sense.
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