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.
OSCE Chairperson-in-Office, Minister of Foreign Affairs of Finland, Elina Valtonen told the press that "the end of the conflict between Azerbaijan and...
Tensions between Georgia and Russia resurfaced this week after Moscow declared it sees “no preconditions” for renewing political dialogue, blaming...
Georgian Foreign Minister Maka Bochorishvili is participating in the 32nd OSCE Ministerial Council holding from 3rd to 5th December in Vienna....
Iran launched naval manoeuvre in its southern waters on Thursday as it concluded on the hosting the joint counter-terrorism drills of the Shanghai Coo...
Britain has imposed new sanctions on Russia, targeting the entire GRU military intelligence agency, which was highlighted in a UK public inquiry into ...
Tensions between Georgia and Russia resurfaced this week after Moscow declared it sees “no preconditions” for renewing political dialogue, blaming Tbilisi’s insistence on de-occupation.
Georgian Foreign Minister Maka Bochorishvili is participating in the 32nd OSCE Ministerial Council holding from 3rd to 5th December in Vienna.
Iran launched naval manoeuvre in its southern waters on Thursday as it concluded on the hosting the joint counter-terrorism drills of the Shanghai Cooperation Organisation (SCO).
Britain has imposed new sanctions on Russia, targeting the entire GRU military intelligence agency, which was highlighted in a UK public inquiry into the 2018 poisoning of Dawn Sturgess, caused by the nerve agent Novichok.
For nearly three decades following the dissolution of the Soviet Union, the international system was defined by a singular, overwhelming reality: American unipolarity.
Chinese scientists have unveiled a new gene-editing therapy that they say could lead to a functional cure for HIV, making it one of the most promising developments in decades of global research.
As the year comes to an end, a new initiative bringing civil society actors and regional analysts from Armenia and Azerbaijan together is steadily gaining ground.
Faced with mounting public outrage following one of the deadliest environmental disasters in the nation’s recent history, the Indonesian government has pledged to investigate and potentially shut down mining operations found to have contributed to the catastrophic flooding on Sumatra.
Uzbekistan has reopened its border with Afghanistan for the first time since 2021, the country’s Chamber of Commerce and Industry announced on Tuesday.
Britain has imposed new sanctions on Russia, targeting the entire GRU military intelligence agency, which was highlighted in a UK public inquiry into the 2018 poisoning of Dawn Sturgess, caused by the nerve agent Novichok.
Afghanistan’s foreign minister, Amir Khan Muttaqi, has said distanced the Afghan government from recent incidents involving Afghan nationals on U.S. soil.
Russia has warned that any "illegal action" by the European Union regarding its frozen assets will provoke "the harshest reaction," with Moscow already preparing its response.
Families of 153 Chinese passengers aboard the missing MH370 flight are once again hopeful as a fresh search for the plane is announced.
Residents of Darfur are being systematically held for ransom by the Sudanese paramilitary force that overran a city in the western part of the country in late October.
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