Here’s what we have for you today:
• Streaming agreement
• Up and down
• Passed the system
Hulu is somewhat up for sale
Who knew: Disney and Comcast made an agreement prior for Disney to buy Comcast’s 33% stake in Hulu.
Upcoming: On November 1, 2023 Comcast can get Disney to acquire its 33% stake in Hulu while Disney can do the same, and acquire the stake from Comcast.
The valuation: Once either side initiates the agreement Morgan Stanley and JPMorgan will begin their assessment(s) of Hulu’s value.
The state of global and US economics
More about inflation: The International Monetary Fund bumped its forecast for global inflation to 5.8% for 2024, up from the 5.2% estimate it released from summer (2023).
The increase: IMF lifted the US 2024 GDP forecast by 0.5 percentage points, to 1.5%.
Side note: IMF mentioned the US fiscal situation has “deteriorated substantially” this year (2023).
Microsoft bought into gaming
New addition: Microsoft now owns Activision Blizzard, an approximate $69 billion acquisition.
Prolonged: The deal was announced on January 2022, and was delayed due to regulatory reviews.
Previously: Activision Blizzard was a partner to Microsoft and a competitor.