Recently FOX agreed to sell most of 21st Century FOX to Disney. This deal includes their 30% control of Hulu that would give Disney 60% of the streaming service. Now it is being reported that Comcast is also willing to sell their 30% stake of Hulu to Disney giving Disney 90% control over Hulu.
This all comes from a report over at CNBC that reports that unnamed sources have told them Comcast is willing to discuss the sale of their 30% stake of Hulu after Disney closes on their 21st Century Fox sale. This will mean the only other owner of Hulu will be AT&T with their 10% stake they purchased with the sale of Time Warner. Now AT&T’s 10% is a non-voting share so Disney will effectively have full control over Hulu.
Comcast only recently got board seats on the Hulu board. Now with Disney about to get a 60% stake in Hulu, Comcast’s 30% stake is about to become mostly a formality with little control over the company. This may be why Comcast is willing to sell off their share of Hulu. Comcast may be also looking for cash to help cover the cost of their recent deal to buy Sky.
According to reports, Comcast will want Disney to sell them their share of Sky TV giving Comcast more control over Sky when this deal closes. Don’t look for this to happen anytime soon. Right now Disney still needs to close on their deal with FOX. Well, they have DOJ approval there are still many steps to go before that deal can close. Look for a possible Comcast and Disney deal to happen in very late 2018 or more likely in 2019.
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