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The streaming market has seen explosive growth over the last few years. Hulu is one of the largest streaming companies and had a split ownership between media giants.
Now, Hulu could soon see sole ownership under the Disney umbrella.
What Happened: Hulu currently has split ownership between the
Walt Disney Co (NYSE: DIS) and
Comcast Corporation (NASDAQ: CMCSA). Comcast could be looking to sell its one third stake in the company anytime and also has a deal in place for 2024 that could require a sale.
“We have an exit opportunity in a couple of years, and that’s going to create – is creating real value for Comcast shareholders, which I don’t know whether it’s reflected in our price of the stock,” Comcast CEO Brian Roberts said at a recent conference.