Tag: Comcast
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Disney Makes Payment to Comcast for Hulu
Disney has written a very big check as part of the process of buying the final 33% of Hulu from Comcast. Comcast President Mike Cavanagh shared that an $8.61 billion dollar check arrived Friday. Cavanagh hoped it would be the first and not the last as Hulu continues to go through its valuation process. The current…
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Disney and Comcast Reach a Deal on Hulu
Disney and Comcast have reached a deal that will see the House of Mouse gain full control of Hulu. This will be done by Disney purchasing the remaining stake of Hulu that Comcast currently holds. The price tag for this sale is reportedly $8.6 billion dollars. According to a brief statement released by The Walt…
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No Miniparks From Disney Coming D’Amaro Says
During a conference on Monday morning, Disney Parks, Experiences and Products Chairman Josh D’Amaro was asked by the moderator and JP Morgan media analyst Phil Cusick if Disney would follow Comcast’s example and start to build mini-parks that are more regional in nature. The question was asked during the JP Morgan Global Technology, Media & Communications Conference.…
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Comcast CEO Indicates Hulu Will Most Likely Be Sold to Disney
Comcast CEO Brian Roberts told investors on a call that he thinks Hulu will end up being sold to Disney. Roberts also thinks that Comcast will come out in a good place when the deal with Disney is made. “I think we have a very valuable position,” Roberts told the MoffettNathanson Inaugural Technology, Media and…
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Disney CEO Bob Iger Shows Openness to Selling Hulu
One of the big questions surrounding the future of streaming is what will Disney do with Hulu? Next year there is a deadline for Disney to buy the remaining stake from Comcast or sell the streaming service. After the first earnings call that Bob Iger held since his return as CEO to Disney, he sat…
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Comcast Executives Predict Hulu to Stay with Disney
The future of Hulu unsurprisingly appears to be with The Walt Disney Company. Comcast executives expect that Disney will follow through with its deal to purchase Comcast’s remaining 33% stake in Hulu. While the terms of this sale have not been agreed on, it is expected to happen as early as 2024. Currently, Disney owns…
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E.T. the Extra-Terrestrial and Real-life Elliott Reunite During Macy’s Thanksgiving Day Parade
Fans getting up to watch the Macy’s Parade this morning probably did not expect to see the return of E.T. to Earth when they turned on NBC. However, this morning during the Macy’s Parade broadcast that is exactly what they got. Comcast, the parent company of NBC made a reunion between E.T. and Elliott happen…
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Disney to Assume Complete Control of Hulu after Deal with Comcast
Effective immediately, Disney has total operational control of the Hulu streaming service. Today, Disney and Comcast announced that they reached a deal, that gives Disney total control of the platform. Within five years, Comcast has agreed to sell its stake to Disney for at least $5.8 billion. With the new deal, Comcast’s NBCUniversal will license…
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Disney Reportedly in Discussions with Comcast to Purchase Remaining 30% Hulu Stake
The Walt Disney Company and Comcast are reportedly in discussions over the purchase of Comcast’s remaining 30% stake in Hulu. This continues Disney’s aggressive foray into the digital streaming market. The news comes from CNBC. While discussions are happening, this does not necessarily mean a deal with happen. Comcast is weighing when and how the…
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Hulu Purchases AT&T Stake For $1.4 Billion Leaving Only Two Owners for the Streaming Service
Los Angeles based Hulu has purchased AT&T’s stake in the streaming service. This means that Hulu now only has two owners. Disney is the majority partner with a controlling stake in the service with Comcast Corp being the minority partner. The purchase from AT&T cost Hulu $1.4 billion. The entire service is said to be…
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Time to Celebrate, Disney Geeks! – DISNEY Reporter
Welcome to another week of Disney and geek headlines with the DISNEY Reporter. As with every week, DISNEY Reporter shares the top headlines of the week from the Disney and geek communities. This week things start off at Disney California Adventure. There, Bing Bong’s Sweet Stuff is now open. The Pixar Film Festival also is…
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Disney Poised to Purchase Fox as Comcast Drops Out of Bidding War
It appears that Disney will soon be acquiring 21st century Fox after Comcast dropped out of its bidding war today. The news was announced via a statement released by Comcast. “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company,”…