Business

Comcast is reportedly holding talks with Disney to sell its 30% stake in Hulu


Comcast is holding talks with Disney to see if they can hammer out a deal to sell Comcast's one-third stake in Hulu to the Mouse House — which would give Disney full control over Hulu, CNBC reported.


The report comes a little over a week after AT&T sold its 9.5% stake in Hulu to the joint venture's two remaining owners, Disney and NBCUniversal, for $1.43 billion.


Earlier this year, NBCUniversal chief Steve Burke told Variety in an interview that no deal was imminent with regard to selling the Hulu stake.


Disney secured 60% ownership of Hulu after it acquired the entertainment assets of 21st Century Fox for $71 billion, a deal that closed in March.


NBCUniversal is developing its own ad-supported streaming service, slated to hit in 2020, that would be free to existing pay-TV customers or available for a fee to those without.


(Hulu doesn't break out how many of its subscribers are only on subscription VOD plans versus how many have live TV packages.)






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