great analysis but the valuation part may need consider the fact that Disney has paid 8.6 bil for comcast 33% stake in hulu, this means Disney gave hulu valuation of 26bil, also dont forget comcast is claiming additional 5bil from Disney, if comcast succeed, that gave hulu 41bil valuation, if you value the hulu live TV portion by revenue generated which is around 42% of hulu 2023 total revenue, this suggest hulu live TV operation valuation is around 13bil to 20bil, this is before the dilution, 30% would be around 4bil to 6bil, even lower than the 8.6bil what disney has paid for comcast 33% but given fubo condition prior the deal, this "4bil to 6bil settlement" is a win win situation for all parties.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Yeah