The CEO of Comcast, the parent company of NBCUniversal, has indicated that they may sell their third of Hulu to Disney, as Disney has expressed interest in this option. Both companies appear to be in agreement as the deadline approaches.
During the MoffettNathanson TMT conference, Roberts conveyed to investors that Bob Iger had mentioned renewed interest in general entertainment during an earnings call the previous week, which was anticipated.
Comcast and Disney are currently in talks about the future of Hulu, and there is a chance that Comcast may sell its share to Disney in the coming year. The Disney CEO has stated that the discussions have been positive and productive.
The speaker stated that they may proceed with their original plan at the beginning of the upcoming year.
According to Roberts, Disney recognizes the significance of Hulu, similar to any other company. The stake is valued to be no less than $9 billion, and Roberts holds a positive outlook that it will surpass that figure.
The question is about the hypothetical value in a robust auction. This is because an asset like this has never been sold before. The platform has over 50 million Hulu domestic streaming subscribers and all the content from Disney and Fox. The job is to determine its worth to any buyer, including Disney, Comcast, other tech companies, or anyone else. The objective is to obtain one-third of that value, which is considered a valuable position.