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.
Georgia’s Foreign Minister, Maka Bochorishvili sought to reassure the public that there is “no danger” to Georgia’s status as the European Uni...
U.S. Secretary of State Marco Rubio is expected to attend a ministerial meeting in Paris on Thursday with European, Arab, and other nations to discuss...
Dushanbe enters one of its busiest diplomatic weeks in recent times as it gears up to host the Commonwealth of Independent States (CIS) heads of state...
Germany will grant police the power to shoot down rogue drones like those that have disrupted airports across Europe and that some European leaders ha...
President of the Republic of Azerbaijan Ilham Aliyev welcomed a Croatian delegation led by Gordan Jandroković, Speaker of the Croatian Parliament, ma...
Georgia’s Foreign Minister, Maka Bochorishvili sought to reassure the public that there is “no danger” to Georgia’s status as the European Union’s revised visa rules include Georgia.
U.S. Secretary of State Marco Rubio is expected to attend a ministerial meeting in Paris on Thursday with European, Arab, and other nations to discuss Gaza's post-conflict transition, according to three diplomatic sources on Wednesday.
Germany will grant police the power to shoot down rogue drones like those that have disrupted airports across Europe and that some European leaders have attributed to a hybrid war being waged by Russia.
President of the Republic of Azerbaijan Ilham Aliyev welcomed a Croatian delegation led by Gordan Jandroković, Speaker of the Croatian Parliament, marking his first official visit to Azerbaijan.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
U.S. Secretary of State Marco Rubio is expected to attend a ministerial meeting in Paris on Thursday with European, Arab, and other nations to discuss Gaza's post-conflict transition, according to three diplomatic sources on Wednesday.
Germany will grant police the power to shoot down rogue drones like those that have disrupted airports across Europe and that some European leaders have attributed to a hybrid war being waged by Russia.
Czech Republic election winner ANO hopes to conclude negotiations with two small parties on forming a new government by the beginning of November, party leader Andrej Babis said on Wednesday (8 October).
Türkiye on Wednesday slammed an intervention by Israeli forces against a flotilla attempting to deliver humanitarian aid to Gaza as an act of piracy and a violation of international law.
Caretaker French Prime Minister Sebastien Lecornu struck a cautiously optimistic tone on Wednesday (8 October), saying a deal could potentially be reached on the country's budget by year end, making the risk of a snap election more remote.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment