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 White House has responded to leaked emails linking president Donald Trump to late Jeffrey Epstein saying 'President Trump did nothing wrong'. Spokesperson Abigail Jackson told the BBC "These emails prove literally nothing"
President of the Republic of Azerbaijan, Ilham Aliyev, received a delegation from the U.S. Church of Jesus Christ of Latter-day Saints in Baku on Thursday, 13 November.
The United States and China have reached a tentative agreement to curb the flow of chemicals used to make fentanyl, marking a rare moment of cooperation between the two rivals.
The Hercules is old, heavily burdened and increasingly pushed into environments that expose the limits of a design born in the middle of the last century.
A source has confirmed to Anewz that all bodies of the 20 victims in the Turkish Military place crash have been recovered by search teams in Georgia's Sighnaghi municipality.
Two earthquakes centered in Cyprus on Wednesday were felt across northern and central regions of Israel, raising concerns among residents in both countries. The first tremor occurred at 11:31 a.m., with the epicenter near Paphos, Cyprus, at a depth of 21 kilometers.
Mali's Prime Minister, General Abdoulaye Maiga, sharply criticised France and Algeria on Tuesday (11 November) for allegedly supporting terrorist groups operating in the Sahel region. His comments came during the opening of the Bamako Military Exhibition (BAMEX).
Anewz correspondent Nini Nikoleishvili reports from site of crashed Turkish military plane in Sighnaghi Municipality, saying that limited visibility and rugged terrain are slowing down recovery efforts.
A new artificial intelligence breakthrough from China is stirring debate across the global tech community, with many calling it another “DeepSeek moment.”
The White House has responded to leaked emails linking president Donald Trump to late Jeffrey Epstein saying 'President Trump did nothing wrong'. Spokesperson Abigail Jackson told the BBC "These emails prove literally nothing"
The United States and China have reached a tentative agreement to curb the flow of chemicals used to make fentanyl, marking a rare moment of cooperation between the two rivals.
The Hercules is old, heavily burdened and increasingly pushed into environments that expose the limits of a design born in the middle of the last century.
Germany’s coalition partners have agreed on a draft bill on Thursday (November 13) that would introduce a voluntary military service as the country seeks to bolster national defences over Russian security concerns.
Brussels Airport temporarily halted air traffic on Wednesday evening following the sighting of a possible drone near the airfield. Flight operations were suspended for about half an hour as a precautionary measure, according to Belgian air navigation service provider Skeyes.
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