Comcast is willing to sell its 30% stake in Hulu to Disney as the dust settles on its victorious $39 billion bid for Sky over the weekend.
According to CNBC, citing unnamed sources, Comcast is willing to discuss a sale of Hulu to Disney, which will control 60% of the streaming company once it closes on its $71.3 billion purchase of select 21st Century Fox entertainment assets.
Comcast is said to have little interest in partnering on a venture for which it has no control.
Comcast is also looking to pry the portion of Sky it doesn’t own from Disney, a stake valued at around $15 billion and just sold to it by Fox, the loser in this weekend’s battle for the larger piece of the UK satellite TV company.
Hulu is jointly owned by Disney, Comcast and Fox, which each have 30% stakes, as well as AT&T’s WarnerMedia division, which controls 10% of the company.
Disney is currently developing its own streaming service, which will launch next year. It’s unclear as to how the company will manage this new platform in relationship to Hulu.
Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!
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