“We think it’s worth a lot of money because it’s sold on a full-control basis, as if you were auctioning it off,' said Jeff Shell of Comcast's Hulu stake at an investor event.
Comcast has a 33 percent stake in the streaming service, while Disney owns the rest and has the option to buy out Comcast starting in January 2024. Speaking at UBS’s Global TMT Conference in New York Monday, Shell said he believes that’s likely the timeline and course of action, while also talking up the price of the stake.
“We think it’s worth a lot of money because it’s sold on a full-control basis, as if you were auctioning it off. And I think there’s no indication that anything else is going to happen than Disney writing us a big check for the asset in ‘24,” Shell said.
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