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.
China has urged the United States to avoid any official interaction with Taiwan, warning that such contacts send the “wrong signals” to supporte...
Russian social media company VK has accused Apple of removing its applications from the App Store without prior notice, prompting the Kremlin to dema...
A Taliban ban on smartphones for civil servants has raised fresh concerns over access to information in Afghanistan, with rights groups warning it cou...
EU climate ministers were joined by an unexpected guest at a council meeting in Luxembourg: a three-month-old baby, brought by Swedish climate ministe...
The British government has published draft legislation that would criminalise abusive practices intended to change or suppress a person's sexual orien...
China has urged the United States to avoid any official interaction with Taiwan, warning that such contacts send the “wrong signals” to supporters of Taiwan independence.
Russian social media company VK has accused Apple of removing its applications from the App Store without prior notice, prompting the Kremlin to demand an explanation from the U.S. technology giant.
A Taliban ban on smartphones for civil servants has raised fresh concerns over access to information in Afghanistan, with rights groups warning it could further isolate government employees and tighten the authorities' control over public life.
EU climate ministers were joined by an unexpected guest at a council meeting in Luxembourg: a three-month-old baby, brought by Swedish climate minister Romina Pourmokhtari to highlight parental leave policies.
Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at the recent G7 summit in Evian-les-Bains.
As Western Europe battles a deadly heatwave that has shattered temperature records, disrupted transport and power supplies, and forced the closure of schools and cultural landmarks, attention is turning to whether El Niño is playing a role in the extreme conditions.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
The U.S. Senate rejected a resolution on Wednesday that would have directed President Donald Trump to remove U.S. forces from hostilities against Iran unless Congress formally authorised military action.
U.S. President Donald Trump said that Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
China has urged the United States to avoid any official interaction with Taiwan, warning that such contacts send the “wrong signals” to supporters of Taiwan independence.
Russian social media company VK has accused Apple of removing its applications from the App Store without prior notice, prompting the Kremlin to demand an explanation from the U.S. technology giant.
EU climate ministers were joined by an unexpected guest at a council meeting in Luxembourg: a three-month-old baby, brought by Swedish climate minister Romina Pourmokhtari to highlight parental leave policies.
The British government has published draft legislation that would criminalise abusive practices intended to change or suppress a person's sexual orientation or gender identity in England and Wales.
The Kremlin has denied a Wall Street Journal report claiming Moscow is pressuring Belarus to support an expanded Russian military campaign in Ukraine.
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