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The Walt Disney Company

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business2 years ago

Disney Acquires Full Control of Hulu in $8.6 Billion Deal

The Walt Disney Company has announced its plans to acquire the remaining 33% stake in Hulu from Comcast's NBC Universal, following Comcast's exercise of its right under the put/call arrangement. The acquisition, expected to be completed by December 1, will further Disney's streaming objectives. The deal is valued at approximately $8.61 billion, with the final equity fair value of Hulu to be assessed in 2023. If the value exceeds the guaranteed floor value, Disney will pay NBCU the difference. The appraisal process is expected to be completed by 2024.

via The Walt Disney Company|
#acquisition#business#comcast
business2 years ago

Disney and Charter resolve dispute, restoring ESPN and ABC to millions of households

The Walt Disney Company and Charter Communications have announced a multiyear distribution agreement that restores the majority of Disney's networks and stations to Spectrum's video customers. The deal includes providing Disney+ and ESPN+ to Spectrum subscribers, as well as offering Disney's direct-to-consumer services to all Charter customers. Spectrum TV will now offer a curated lineup of 19 networks from Disney, including ABC, Disney Channel, FX, and ESPN. The agreement also emphasizes the commitment to combat unauthorized password sharing.

via The Walt Disney Company|
#business#charter-communications#distribution-agreement
business2 years ago

"Charter Communications vs. Disney: The Battle for Television Access"

Charter Communications has provided an update on its contract negotiation dispute with The Walt Disney Company, expressing disappointment with the current video ecosystem and unsustainable price hikes. Charter has proposed a model that aims to create better alignment for the industry and better products for customers, including lower penetration minimums, inclusion of ad-supported DTC apps within packaged linear products, and marketing of DTC products to broadband-only customers. However, The Walt Disney Company has declined a contract extension. Charter believes that the industry must evolve and is open to collaborating with Disney, but is prepared to explore other models if necessary.

via Charter Communications|
#business#charter-communications#contract-negotiation