Disney could pay another $5 billion for Comcast’s Hulu stake. Here’s why

Earlier this year, Disney and Comcast hired investment bank RBC Capital as the independent appraiser to resolve a dispute over how to value the 33% stake in the streaming platform, according to people familiar with the matter.

Walt Disney said on Wednesday it may have to pay up to $5 billion more to buy Comcast’s minority stake in Hulu, if an appraiser were to agree with Comcast’s assessment that the stake should be valued at more than $40 billion. Earlier this year, Disney and Comcast...