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Disney to Pay $438.7 Million for Comcast’s Remaining Hulu Stake

Resolving the appraisal dispute with Comcast paves the way for Hulu’s library to merge into Disney’s streaming lineup

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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’s additional payment boosts its total Hulu investment to roughly $9 billion, valuing the service at about $27 billion.
  • A three–banker appraisal concluded on June 9 set the final price after Comcast had initially sought an extra $5 billion.
  • Following a $8.61 billion initial outlay in 2023, Disney expects the acquisition to close on or before July 24, 2025.
  • CEO Bob Iger said full control will allow deeper integration of Hulu’s general entertainment content with Disney+ and the forthcoming ESPN direct-to-consumer platform.
  • The deal will not alter Disney’s fiscal 2025 adjusted earnings forecast and secures Hulu’s more than 54 million subscribers under Disney’s streaming umbrella.