Disney and Comcast hired investment bank RBC Capital as the independent appraiser to resolve a dispute over how to value the 33% stake in the streaming platform.
Walt Disney said Wednesday it may have to pay up to $5 billion more to buy Comcast ’s minority stake in Hulu , if an appraiser were to agree with Comcast ’s assessment that the stake should be valued at more than $40 billion.
Reuters was first to report in May that Disney and Comcast were seeking to hire an independent adviser. The deal gave Disney majority control over Hulu as it already owned a 33% stake. Comcast retained its stake at the time believing that its value would rise significantly by 2024.Bloomberg reportedly fires White House reporter for breaking embargo on Evan Gershkovich dealDisney said on Wednesday if the independent adviser’s valuation is equal to or below the guaranteed floor value of $27.5 billion, it would not have to pay Comcast anything more than the $8.6 billion that it paid out last year.
Business TV Comcast Disney Hulu Streaming
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney raises streaming prices for Hulu, Disney+ and ESPN+Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 to $2 more per month.
Read more »
Disney hikes price for Disney+, Hulu and ESPN+ subscription servicesThe media giant has steadily raised the prices of its streaming offerings since its flagship service, Disney+, launched nearly five years ago with a relatively low monthly subscription fee of $6.99…
Read more »
Disney hikes price for Disney+, Hulu and ESPN+ subscription servicesCNN is among the world's leaders in online news and information delivery. Staffed 24 hours, seven days a week by a dedicated staff, CNN relies heavily on CNN's global team of almost 4,000 news professionals.
Read more »
Disney hikes price for Disney+, Hulu and ESPN+ subscription servicesDisney's streaming services are about to get more expensive.
Read more »
Disney increasing prices for Disney+, Hulu and ESPN+ this fallDisney+, Hulu and ESPN+ will soon become pricier in the U.S. Here's what to know.
Read more »
NBA finalizes $76 billion broadcasting deal with Disney, Amazon, Comcast, Athletic reportsNBA finalizes $76 billion broadcasting deal with Disney, Amazon, Comcast, Athletic reports
Read more »