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Bob Iger Open to Selling Disney’s Stake in Hulu

There is an ongoing question in media circles that has yet to be answered: Will Disney purchase Comcast’s stake in Hulu? Disney CEO Bob Iger shared insight on the subject during an interview on CNBC’s Squawk on the Street Thursday.

After an announcement from the company detailed the elimination of 7,000 jobs — providing a savings of $5.5 billion — Iger suggested that it isn’t a foregone conclusion the company will gobble up the remaining portion of the streaming platform.

“Everything is on the table right now, so I am not going to speculate whether we are a buyer or a seller of it. But I obviously have suggested that I’m concerned about undifferentiated general entertainment, particularly in the competitive landscape that we are operating in, and we are going to look at it very objectively and expansively.”

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Pressed by host David Faber about the ongoing assumption that Disney would buy the remaining stake in Hulu, Iger pushed back on that insinuation.

“I think I am suggesting that that is not necessarily the case,” declared the Disney CEO.

The Walt Disney Company owns two-thirds of the streaming platform, with the final 33% owned by Comcast. Under current contractual terms, Comcast can require Disney to buy its stake and Disney can also require Comcast to sell its portion of the venture, starting in January 2024.

Some experts view Comcast’s current stake in Hulu would be worth $27.5 billion on the open market.

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