Comcast Executives Expect Disney to Buy All of Hulu

Comcast (NASDAQ:CMCSA) continues to expect Disney to stick to the deal and buy the remaining 33% stake it does not own in streaming service Hulu, CNBC reported Friday, citing unnamed sources.

The Walt Disney Company (NYSE:DIS) rose slightly in after-hours trading. Under a previous agreement in May 2019, Comcast agreed to sell NBCUniversal's stake in Hulu to Disney as early as January 2024. As part of the deal, Disney agreed to pay them a guaranteed sale price worth $27.5 billion. In 2019, Comcast tried to pry Hulu away from Disney, but Disney rejected the idea, CNBC reported, citing sources. Comcast remains willing to buy Disney's stake in Hulu because Disney sees Hulu as key to its overall streaming growth. Some senior Comcast executives do not believe Disney is the best place for Hulu, which includes an ad-supported streaming service, given that the company is preparing to launch an ad-supported Disney+ tier, CNBC reported citing sources. The news comes at a time when activist investor Daniel Loeb has been pushing for change at Disney, calling on the company to cut costs, buy all of Hulu and spin off sports network ESPN. Source: CNBC   Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!