Investing
Comcast extends date for Hulu deal with Disney to Sept 2024
© Reuters. FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake/File Photo
2/2
(Reuters) -Comcast has extended the date for the sale or purchase of its remaining stake in Hulu to Disney to Sept. 30 next year, CEO Brian Roberts said on Wednesday.
Shares of Comcast (NASDAQ:) extended gains and were trading 1.7% higher, defying weakness in the broader market. The comments were made at the Goldman Sachs Communacopia + Technology Conference.
Disney owns two-thirds of Hulu, while Comcast owns the rest. Under a 2019 agreement, either company can trigger a sale or purchase of Comcast’s 33% stake to Disney as early as January 2024. The agreement ascribes a minimum equity value to Hulu of $27.5 billion.
Hulu had 48.3 million subscribers at the end of the most recent quarter, compared with 24 million paid subscribers for Comcast’s Peacock streaming service and 105.7 million global subscribers for Disney+.
Read the full article here
Elon Musk Unveils New Tesla EV Cybercab, Robovan Robotaxis
The Cities and States Where Side Hustles Could Earn the Most
5 Steps to Creating More Inclusive PR Campaigns
How Tech Innovation Helps You Stay Ahead of the Competition
Seniors to get moderate cost of living bump in Social Security payments next year
Mark Zuckerberg Is Now Second Richest Person in the World
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles7 days agoMark Zuckerberg Is Now Second Richest Person in the World
-
Investing7 days agoNvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles7 days agoMeta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing5 days agoHurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Investing6 days agoIsrael stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Side Hustles6 days ago5 Key Strategies for a Seamless Cloud Migration
-
Investing7 days agoBCA says investors should fade the real estate rally By Investing.com
-
Passive Income6 days agoGo Paperless with the PDF Reader Pro for $49.99