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Disney Agrees to Pay Comcast $438.7 Million to Complete Hulu Purchase

This resolution of a years-long appraisal process paves the way for full Hulu integration into Disney’s streaming services before the July 24 closing date.

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FILE - People visit the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Fla., April 18, 2022. (AP Photo/Ted Shaffrey, File)
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Overview

  • Disney will pay an additional $438.7 million to acquire Comcast’s remaining 33% stake in Hulu after an arbitration that concluded on June 9, 2025.
  • The total price for Comcast’s stake will reach about $9 billion, implying a roughly $27 billion valuation for Hulu.
  • An independent appraisal settled a dispute between Disney’s lower valuation and Comcast’s higher estimate by averaging the two closest bank assessments.
  • Full ownership enables Disney to merge Hulu’s more than 54 million subscribers and general entertainment library with Disney+ and ESPN’s direct-to-consumer offerings.
  • The deal is expected to finalize on or before July 24, 2025, ending Comcast’s financial interest in the streaming service.