Disney to buy remaining Hulu stake from Comcast The Walt Disney Company made a significant announcement today regarding the acquisition of Comcast Corp.’s 33% stake in Hulu, LLC. This move follows Comcast’s exercise of its right under the put/call arrangement between the two companies on November 1. The acquisition of
Tag: Comcast
Universal Theme Park Revenue Rose 25% in the First Quater of 2023
Universal Theme Park Revenue Rose 25% in the First Quater of 2023 Yesterday Comcast parent company of Universal Theme Parks released their first-quarter earning for 2023 which ended on March 31st. “We delivered strong first quarter results as our team executed exceptionally well,” said Brian L. Roberts, Chairman and Chief
Bob Iger is Looking at Buying Out Comcast’s Stake in Hulu
Bob Iger is Looking at Buying Out Comcast’s Stake in Hulu. The Walt Disney Company CEO spoke during a Morgan Stanley investors call yesterday about the future of the Parks and how price increases may have gone too far. Furthermore, he discussed pricing and Disney +, then switched directions and
Many High-Ranking Universal Executives Take an Early Retirement
Many High-Ranking Universal Executives Take an Early Retirement Many high-ranking Universal executives are retiring early. Universal Creative, the division responsible for rides, shows and attractions at Universal parks worldwide, is losing several executives as they take advantage of an early retirement initiative. Related – SUPER NINTENDO WORLD Opening at Universal
New report says Comcast Wants to Buy Warner Bros. Discovery, and Merge With NBCUniversal
A new report claims Comcast is seeking to buy Warner Bros. Discovery and merge it with NBCUniversal. The Hollywood Reporter reports Warner Bros. Discovery could end up merging with Comcast’s NBCUniversal, though negotiations would have to wait until April 2024 to begin due to the complicated structure of the possible merger.
Disney Signs Open Letter in Support of “Respect for Marriage Act”
The Walt Disney Company joins the list of more than 170 companies that have signed an open letter in support of the Respect for Marriage Act. The open letter features 173 companies, representing more than 5.3 million employees, urging the Senate to pass the Respect for Marriage Act. This bill provides statutory
Universal Theme Parks revenue down for first quarter of 2021
Comcast Corporation reported their first quarter earnings which ended on March 31, 2021. NBCUniversal theme parks reached breakeven for the second consecutive quarter, excluding pre-opening costs of Universal Beijing Resort. Universal’s new streaming service, Peacock will now also be included in the NBCUniversal earnings report. It was previously included in Corporate
Comcast rolling out Disney+ on Xfinity Set-Top Platforms
Comcast is plugging the Walt Disney Co.’s Disney Plus and ESPN Plus into its X1 cable TV and Flex broadband-streaming platforms — part of the operator’s ongoing strategy to become the one-stop hub for all video entertainment. So, great news if you’re a Comcast Xfinity user who’s been wondering when you might be able to access Disney+ through
Disney is taking full control over Hulu
Disney and Comcast have just announced a new deal which Disney will assume full control of Hulu, that goes into place today. In the next five years, Comcast has agreed to sell its stake in Hulu to Disney for at least $9.2 billion. The two companies are entering into what
After a Significant Year Disney CEO Bob Iger Receives a Pay Raise
Disney CEO, Bob Iger has received a pay raise to his annual salary. The Walt Disney Company revealed in the SEC filing this past Friday Iger’s salary was up 80 percent to $65.6 million. Other executives salaries were also reported. CFO Christine McCarthy collected earnings totaling $11.8 million, general counsel Alan Braverman earned $10.4
Comcast Hints On Plans for a Third Universal Theme Park in Orlando
In a call about Comcast’s quarter 2 earnings, they discussed possible plans to open another Universal theme park in Orlando. Last month, Universal trademarked the name “Fantastic Worlds” for use in amusement parks. “In terms of as a new gate in Florida, we are looking at it. We filed, basically,
Comcast Ends Bidding War with Disney for 21st Century Fox
Comcast has been in a bidding war with Disney to acquire the rights to 21st Century Fox. With the hopes of stopping Disney’s pending, stock-based $52.4 billion deal with Fox, Comcast made a higher, all-cash offer of approximately $65 billion. The assumption was that Comcast was waiting to see if AT&T’s
Department Of Justice Approves Disney/21st Century Fox Merger
Disney is now one step closer to a merger with the 21st Century Fox company. The Department of Justice has approved the deal. The only stipulation put into place was that Disney would have to sell Fox’s 22 regional sports networks. This would prevent Disney, who already owns ESPN from
Comcast Bids Against Disney for Fox with $65 Billion Offer
After weeks of speculation, Comcast bids against Disney for Fox. With the hopes of stopping Disney’s pending, stock-based $52.4 billion deal with Fox, Comcast has made a higher, all-cash offer of approximately $65 billion. It is that that this will most likely start what could be an intense battle between Comcast and
