Disney takes operational control of Hulu from Comcast
(Reuters) - Walt Disney Co said it has signed a pact with Comcast Corp to assume full operational control of Hulu, effective immediately.
As part of the deal, Disney can buy Comcastâ€™s 33 percent stake in the U.S. entertainment streaming service as early as January 2024 and Comcast can also push for a sale of its stake at the same time.
Disney has guaranteed to value Hulu at a minimum of $27.5 billion during a future stake sale.
Reporting by Supantha Mukherjee in Bengaluru; Editing by Shailesh Kuber