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Comcast is Thinking About Selling its 30% Stake in Hulu to Disney

Nick Dimengo

Comcast has an important decision upcoming that could change the media landscape. According to CNBC, the media giant is considering selling its 30% stake in Hulu to Disney because of a frustrating run as partial owner of the video streaming platform.

The news comes about a week after AT&T and Hulu announced that the telecom giant had sold its 9.5% stake in Hulu back to the company, with the deal putting a $15 billion valuation on Hulu.

In terms of Comcast and Huluโ€™s relationship, Comcast had always been barred from having say in Huluโ€™s direction, but, in recent years, the company has been more active after a consent from 2011 expired in 2018. Whether due to a contentious relationship or otherwise, once Comcast became more involved, 21st Century Fox agreed to sell its 30% stake in Hulu to Disney, which put Comcast back in a position of silence on direction. Per CNBC, with the new deal, rather than being an equal owner with Fox and Disney, Comcast now owns a minority stake in Hulu to Disneyโ€™s 60%.

Considering Comcast has already announced plans for their own streaming service to start in 2020, the potential possibility to sell its 30% stake in Hulu makes some sense.