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12/4/2023, 4:36 PM (Source: TeleTrader)
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Disney could reportedly pay $5B more for Hulu

The Walt Disney Co. could potentially pay an additional $5 billion to Comcast to gain complete control over Hulu, The Information reported on Monday based on their estimates.

Today's report comes after Disney CEO Bob Iger offered to pay Comcast $8.6 billion to take complete control of the streaming platform. However, The information revealed that Hulu's value should be revised to $45 billion, making Disney pay the extra on top of the $8.6 billion down payment it was scheduled to complete by Friday to finalize the deal.

According to data through September 30, Disney+ has 47 million subscribers in the US and Canada, and Hulu has 49 million. Meanwhile, its competitor, Netflix, has some 77 million.

Baha Breaking News (BBN) / JG