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Comcast Has Reportedly Stopped Funding Hulu Amidst Feud With Disney

As its competitors have acquired each other and introduced new pricing models, Hulu has remained relatively quiet over the past few months. It turns out, however, that behind the scenes, there’s reportedly been a lot more action going on, specifically between co-owners Comcast and Disney. In fact, Comcast has allegedly stopped contributing money to the company and is now, per reports, locked in a legal battle with the Mouse House to figure out how much the service is worth, as it may exit the partnership in 2024.
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Comcast, Inclusiv push economic equity via $10M credit union investment

Inclusiv and Comcast Corporation today announced that Comcast has committed to invest $10 million specifically aimed at building equity in credit unions led by and/or serving people of color through Inclusiv’s Racial Equity and Resilience Investment Fund (“the Fund”). Launched in 2020, the Fund leverages investments to increase lending to minority-owned businesses, homeowners, and consumers, providing access to capital and new financial opportunity to traditionally underserved and underbanked communities. As Inclusiv’s first corporate investment, Comcast’s commitment will enable local financial institutions to deploy at least $200 million in total capital in communities that need it the most and help ensure hardworking individuals have access to the capital needed to build and strengthen their financial lives.
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Comcast Co. (NASDAQ:CMCSA) is Timucuan Asset Management Inc. FL’s 3rd Largest Position

Timucuan Asset Management Inc. FL increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.3% in the first quarter, Holdings reports. The fund owned 3,101,688 shares of the cable giant’s stock after purchasing an additional 10,444 shares during the period. Comcast comprises about 7.4% of Timucuan Asset Management Inc. FL’s holdings, making the stock its 3rd biggest position. Timucuan Asset Management Inc. FL’s holdings in Comcast were worth $167,832,000 at the end of the most recent quarter.
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Disney Feuds With Comcast Over Direction Of Hulu

Walt Disney Co (NYSE: DIS) and Comcast Corporation (NASDAQ: CMCSA) are in an escalating feud over the direction of Hulu, the streaming service jointly owned by the rival companies, with Comcast reportedly putting a freeze on its funding of Hulu while agitating for a large payoff when Disney is slated to buy Comcast’s minority stake in 2024.
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Longtime Comcast Exec to Share Her Insights During Bryn Mawr Trust’s Career Conversations on Tuesday

Bryn Mawr Trust's Tasha Childs, left, will interview Comcast executive Marge Jackson during the next installment of Career Conversations. Bryn Mawr Trust will host the next installment of Career Conversations, a webcast series that features women in senior leadership roles sharing career insights and their professional journeys, on Tuesday, June 15 at 12:15 PM.

Comcast Stops Funding Hulu: Report

Tensions between Comcast and Disney over Disney’s international streaming strategy have led to Comcast suspending its funding of Hulu, the streaming service co-owned by the companies, according to The Information. Disney took control of the money-losing site’s operation in 2019, in a deal in which Comcast retained a 33% of...

Survey: Comcast tops for consumers in 4 categories

When it comes to customer satisfaction with cable television, telephone and internet service providers, a new survey from a Michigan-based organization has Comcast at the top of most categories. The national survey, which was conducted by the American Consumer Satisfaction Index, listed Philadelphia-based Comcast at the top in four of...

Gypsum Comcast Fiber Optic Project Update

Hardscrabble Ranch is now ORANGE on the map and crews will begin door tagging and calling for locates late next week. The area along Lindbergh Dr., between Cooley Mesa Dr. and McGregor Dr. is now BLUE on the map as crews begin network connection work. The area along Lindbergh Dr.,...

Nominations now open for 2021 Comcast Community Champion of the Year

PHILADELPHIA, Pa. — Comcast is proud to announce nominations for the 2021 Comcast Community Champion of the Year are now open through Aug. 2, 2021 at In its seventh year, this prestigious annual award serves to recognize the philanthropic efforts of individuals within the NASCAR industry. Created in 2015,...