Hints and tips:
...would have to spend around $9bn to buy Comcast out of Hulu....
...Comcast said in a statement: “We look forward to the appraisal process and the determination of Hulu’s fair market value which we expect will reflect the extraordinary value of the business.”...
...Comcast holds a 33 per cent stake, and the two companies agreed at the time that either could initiate a sale or purchase of all of Hulu at a minimum valuation of $27.5bn....
...Disney owns two-thirds of the business with rival Comcast holding the remainder, and the companies in 2019 agreed that either side could force a transaction starting in January of 2024....
...Chapek said he would “love” to settle the matter but that Comcast has seemed reluctant. “We have talked to them numerous times over the past year-plus,” he said....
...Traditional media players like Disney, Paramount, and Comcast have long bought up rights to the most popular sporting events to attract and retain subscribers, but are now faced with growing competition...
...Disney owns 67 per cent of Hulu. Loeb urged the company to buy Comcast’s 33 per cent stake in the streaming services before 2024, when a contract enables Comcast to force Disney to buy it....
...Chapek also said in the interview it was unlikely Disney could act on Loeb’s suggestion to purchase Comcast’s 33 per cent stake in the Hulu streaming service before January 2024, when it has the option to...
...Even after recovering somewhat in the past few weeks, the stock prices of the largest media groups — Disney, Netflix, Comcast, Spotify, Roku, Fox, Paramount, Warner Bros Discovery, The New York Times and...
...The company, owned by Comcast, has held the US rights to the Games since the summer Olympics in 1988 — a lucrative franchise that has raked in billions of dollars in advertising over the years....
...Other companies reporting include, Comcast, LG Electronics, MediaTek, Samsung Electronics and STMicroelectronics....
...The extra $40bn in sales projected for Google in 2022 represents about as much as Comcast, Disney, WarnerMedia and ViacomCBS generated between them last year....
...MSNBC, the left-leaning network owned by Comcast’s NBCUniversal, suffered a 51 per cent fall, while Rupert Murdoch’s rightwing Fox News faired comparatively better, with primetime ratings falling 37 per...
...That is the question for Comcast chief Brian Roberts, whose colossal entertainment group might just have the brawn, if not the backbone, to make its move in the global streaming wars....
...But the likes of Walt Disney, Comcast’s Universal Studios or AT&T’s Warner Bros are in no position to play superheroes....
...He joins from Comcast Ventures, where he worked as a senior managing director. Smart reads Big oil’s secret weapon In 2017, a cluster of pro-fracking and natural gas groups began to speak out online....
...timeshare loans in Malta (FT) Clarks agrees £100m private equity deal (FT) Lloyds to cut another 1,040 jobs as earnings outlook darkens (FT) Crédit Agricole warns over drag from second French lockdown (FT) Comcast...
...In the US, data usage via the cable company Comcast is up 32 per cent nationwide, and by over 60 per cent in locked-down cities....
...Samsung, Ikea, and Comcast....
...As part of Tuesday’s agreement, Comcast and Disney will split AT&T’s stake....
...In the third quarter of this year another 1.7m Americans ditched their traditional television packages from providers AT&T, Comcast, Charter and Verizon....
...to sell off image sensor business (FT) Compass raises $370m in new funding round (WSJ) Singapore’s GIC invests in $5bn Abu Dhabi pipeline unit (FT) Tink Labs set to shut down amid mass lay-offs (FT) Comcast...
...Before the deal with AT&T was struck, Disney had held 60 per cent of Hulu, with rival Comcast owning 30 per cent of the streaming service....
...Hulu, which was conceived as a joint venture among traditional media companies getting into the streaming business for the first time, now has only two owners: Disney, with a 60 per cent stake, and Comcast...
...Traditional media companies were among the investors that once jostled to buy into the space, with Comcast’s NBC Universal acquiring significant stakes in BuzzFeed and Vox and Disney buying a 10 per cent...
International Edition