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Comcast (NASDAQ:CMCSA) rose 1.5% after the media firm’s CEO mentioned the Hulu gross sales course of is about to start Sept. 30.
The method was initially set to start out in January.
“We pulled the date ahead to start out the method,” Comcast CEO Brian Roberts mentioned on the Goldman Sachs Communacopia & Know-how Convention, in keeping with a Bloomberg account of the occasion.
Disney (NYSE:DIS) holds a 67% stake in Hulu after the buyouts of earlier companions Fox and Time Warner, whereas Comcast (CMCSA) holds the opposite third, and a deal between the 2 units up a possible buyout.
In December, NBCUniversal chief Jeff Shell mentioned he noticed “no indications that the rest goes to occur aside from Disney writing us an enormous test” for Hulu in 2024.
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