Disney will pay Comcast’s NBCUniversal nearly $439 million to buy the remaining stake in streaming service Hulu, gaining full control.
The deal ends a long appraisal process. In November 2023, Disney agreed to buy Comcast’s 33% share in Hulu for at least $8.6 billion, based on a guaranteed minimum value of $27.5 billion for Hulu.
Disney has managed Hulu since 2019, when Comcast stepped back and became a silent partner.
Hulu launched in 2007 as a platform for TV shows from major entertainment companies. Disney joined in 2009, adding content from ABC, ESPN, and Disney Channel. In 2019, Disney took majority control after acquiring 21st Century Fox.
After disagreements on Hulu’s value, a third appraiser decided the final price would be $438.7 million.
Disney CEO Bob Iger said that the deal clears the way to better integrate Hulu with Disney+ and ESPN’s streaming service, offering more value to customers.
The deal is expected to close by 24 July and won’t affect Disney’s 2025 earnings forecast.
Disney’s shares rose slightly after the announcement.
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The thirteenth session of the World Urban Forum will open in Baku on Sunday, bringing together government representatives, city leaders, urban planners, international organisations, businesses and civil society to discuss the future of sustainable urban development.
Children laughed, applauded and watched wide-eyed as animated characters lit up the screen at the opening of the ninth Animafilm International Animation Festival in Baku, where filmmakers and audiences from around the world gathered to celebrate the growing influence of animated cinema.
The United States is considering asking Israel to transfer part of the tax revenues withheld from the Palestinian Authority (PA) to Donald Trump’s Board of Peace to help fund Gaza’s post-war reconstruction, according to five sources familiar with the discussions.
India and the United Arab Emirates have agreed on a framework for a strategic defence partnership, according to India’s foreign ministry.
Iran’s Foreign Minister Abbas Araghchi said Tehran has “no trust” in the United States and will only consider negotiations if Washington shows seriousness. His remarks came as talks on Iran’s nuclear programme continued, with Trump and Xi also opposing Iran acquiring nuclear weapons.
The U.S.-Israeli war with Iran loomed over U.S. President Donald Trump's visit to China, as signs emerged that the conflict is causing a shift in alliances across the Middle East.
Thousands of fans turned out in Iran's capital Tehran for a massive farewell ceremony on Wednesday night for their national football team, wishing them success before their departure for the World Cup 2026 matches co-hosted by the United States and Mexico.
British Prime Minister Keir Starmer was fighting for his political survival on Thursday (14 May) after Health Secretary Wes Streeting resigned, saying he had “lost confidence” in Starmer’s leadership.
Chinese President Xi Jinping and U.S. President Donald Trump are holding high-level talks in Beijing on Thursday, following a ceremonial welcome, with both leaders highlighting cooperation despite ongoing tensions.
China has launched the world’s first experiment to study how artificial human embryos develop in space, marking a major step in understanding whether humans could one day reproduce beyond Earth.
Every day, an elderly woman in China’s Shandong province looks forward to a video call from her son. He asks about her health, tells her he has been busy with work, and promises he will come home once he has saved enough money. She tells him she misses him. He tells her to take care of herself.
U.S. President Donald Trump said on Friday that Abu-Bilal al-Minuki, second in command of ISIS globally, was killed in an operation conducted by U.S. and Nigerian forces.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 16th of May, covering the latest developments you need to know.
Deep in the ancient forests of southern China, researchers have discovered a small, shy snake with an extraordinary survival trick: when threatened, it creates the illusion that it has two heads.
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