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.
The Russian state news agency has reported that Shahin Shykhlinski, head of the Azerbaijani diaspora in Yekaterinburg, has been declared wanted in con...
A two-day official visit by Kazakh President Kassym-Jomart Tokayev to Türkiye concluded with the signing of 20 agreements aimed at expanding the stra...
Thailand has accused Cambodian forces of opening fire across the disputed frontier on Wednesday, the second reported violation since a Malaysia-broker...
At just 17 years old, Lamine Yamal is not only rewriting football’s record books, he’s rewriting what’s possible. From dazzling defences with Ba...
Behind closed doors or at public summits, diplomacy quietly shapes our world. It’s more than handshakes, it’s about negotiation, persuasion, and p...
Thailand has accused Cambodian forces of opening fire across the disputed frontier on Wednesday, the second reported violation since a Malaysia-brokered truce took effect at midnight on Monday.
Behind closed doors or at public summits, diplomacy quietly shapes our world. It’s more than handshakes, it’s about negotiation, persuasion, and preventing conflict. But how does diplomacy actually work, and what tools keep nations talking instead of fighting?
The United Nations' climate bureau have concerns that sky-high accommodation prices for this year's COP30 climate summit in Brazil could price poorer countries out of the negotiations, according to diplomats and a document seen by Reuters.
Adidas saw its shares drop 7.5% in early Wednesday trading after second-quarter sales came in below expectations and the company warned of an added €200 million ($231 million) cost burden from new U.S. tariffs in the second half of 2024.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Thailand has accused Cambodian forces of opening fire across the disputed frontier on Wednesday, the second reported violation since a Malaysia-brokered truce took effect at midnight on Monday.
At just 17 years old, Lamine Yamal is not only rewriting football’s record books, he’s rewriting what’s possible. From dazzling defences with Barcelona to setting records on the biggest international stages, this teenage phenomenon is already one of the most talked-about names in the sport.
Behind closed doors or at public summits, diplomacy quietly shapes our world. It’s more than handshakes, it’s about negotiation, persuasion, and preventing conflict. But how does diplomacy actually work, and what tools keep nations talking instead of fighting?
The United Nations' climate bureau have concerns that sky-high accommodation prices for this year's COP30 climate summit in Brazil could price poorer countries out of the negotiations, according to diplomats and a document seen by Reuters.
A high-stakes agreement between SpaceX and the Bahamas to allow Falcon 9 rocket boosters to land in Bahamian waters has been put on hold following political tensions and environmental concerns.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment