Disney Takes Full Control of Hulu
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Disney is set to pay Comcast $438.7 million to take over Hulu, which will expand its size in the linear and streaming space.
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The lawsuit, filed in U.S. District Court in Los Angeles, claims the AI company Midjourney generates images that “blatantly incorporate and copy” the movie studios’ famous characters.
Ticker: Disney to pay almost $439M for Hulu; World Bank sharply downgrades global economic growth forecast to 2.3%
The long and winding road of Hulu, which started out as a joint venture of NBC and Fox, has now concluded with Disney finalizing its buyout of Comcast.
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Walt Disney Co. (NYSE: DIS) shares are trading higher Tuesday after the company announced it will pay Comcast $438.7 million to acquire the company's 33% stake in Hulu.