Disney CEO Bob Chapek says he’d like to own all of Hulu “tomorrow,”
Disney Chief Executive Officer Bob Chapek said he’d love to own Comcast’s 33% stake in Hulu “tomorrow” but acknowledged the chances of an early deal are “less and less” as 2024 approaches.
“I would like nothing more than to come up with that solution for an early agreement,” Chapek said in an exclusive interview with CNBC’s David Faber on Wednesday. “But that takes two parties to come up with something that is mutually agreeable.”
Comcast has an existing mutual agreement with Disney to sell its minority Hulu stake as early as January 2024. Activist investor Dan Loeb is pushing Disney to accelerate a deal so it can fully integrate Hulu with Disney+, creating a “hard bundle” that seamlessly allows users to view content from both services within one application.