Why Disney and Comcast still can’t reach an agreement over Hulu
The agreement stipulates that Comcast could still force Disney to buy its stake in Hulu, with a final valuation to be determined by independent analysts nearer the deadline. | Illustration by Alex Castro / The Verge
Hulu’s fate still hangs in the balance following statements from Disney CEO Bob Iger this week. Speaking at the Morgan Stanley Tech, Media, and Telecom conference on Thursday, Iger said that Disney is still debating whether it will buy out Comcast’s 33 percent stake in Hulu, alluding to the current economic downturn and the company’s own difficulties with Disney Plus.
“What we’re doing right now, because we own two-thirds of Hulu, and we have an agreement with Comcast that may result in us owning 100 percent, is we’re really studying the business very, very carefully,” Iger said. In an interview with CNBC last month, Iger had similarly refuted assumptions that Disney would buy the remaining stake in Hulu, saying “that that is not…
