Disney to Pay NBCUniversal Another $438.7 Million for Hulu Stake
Disney DIS 1.55%increase; green up pointing triangle has agreed to pay Comcast's CMCSA -0.29%decrease; red down pointing triangle NBCUniversal another $438.7 million for its stake in Hulu, tying up a lingering dispute over the fair value of the streaming service.
The pair of media companies reached a deal in December 2023 under which Disney would pay at least $8.61 billion for NBCUniversal's 33% interest in Hulu, but the sides continued to fight in arbitration over the ultimate value they would ascribe to Hulu.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
Disney to Pay Comcast an Additional $439 Million for Hulu Stake as Streaming Saga Comes to an End
The years-long saga over the fate of Hulu is officially resolved, with Disney set to pay Comcast $439 million to finally complete the sale of its 33 percent stake in the streaming service. Back in 2023, Disney officially agreed to pay a floor of $8.61 billion for Comcast's stake in Hulu, but the companies couldn't agree on a final valuation for the stake, leading to an extended appraisal process. More from The Hollywood Reporter 'Call Her Daddy' Host Alex Cooper Accuses College Soccer Coach of Sexual Harassment Las Vegas Aces vs. Golden State Valkyries Livestream: When to Watch the WNBA Game Online With Hulu + Live TV for Free 'Secret Lives of Mormon Wives' Season 2 Reunion Special to Air This Summer, Nick Viall to Host Disney argued that the floor price would suffice as the final price, while Comcast argued that Hulu's value was higher, and that Disney should pay it an additional $5 billion. That process is now complete as of Monday, with a final price clearly much closer to Disney's valuation than Comcast's. While Disney was able to take operational control of Hulu as it sorted out the value of Comcast's stake, the completion of the deal will give the company more leeway to more fully integrate Hulu into its streaming offerings. 'We are pleased this is finally resolved,' Disney CEO Bob Iger said in a statement. 'We have had a productive partnership with NBCUniversal, and we wish them the best of luck. Completing the Hulu acquisition paves the way for a deeper and more seamless integration of Hulu's general entertainment content with Disney+ and, soon, with ESPN's direct-to-consumer product, providing an unrivaled value proposition for consumers.' Disney began integrating Hulu content into Disney+ in late 2023, and expanded that initiative last year. Disney says that the full acquisition of Hulu will be completed by July 24, 2025. Disney acquired a controlling stake in Hulu in connection with its acquisition of 21st Century Fox, but Comcast's stake remained the big sticking point. 'Hulu was a great start for us in streaming that generated nearly $10 billion in proceeds for Comcast and created an important audience for NBCUniversal's world-class content,' a Comcast spokesperson says. 'We wish Disney well with Hulu and appreciate the cooperative way our teams managed the partnership.' Best of The Hollywood Reporter How the Warner Brothers Got Their Film Business Started Meet the World Builders: Hollywood's Top Physical Production Executives of 2023 Men in Blazers, Hollywood's Favorite Soccer Podcast, Aims for a Global Empire
Associated Press
8 minutes ago
- Associated Press
AP PHOTOS: Highlights from The BET Awards 2025
LOS ANGELES (AP) — The BET Awards is bringing major star power — including Kendrick Lamar, Mariah Carey, and Jamie Foxx — to celebrate its 25th anniversary on Monday. This is a photo gallery curated by AP photo editors.
Forbes
12 minutes ago
- Forbes
Apple Music Gets 3 New Features With iOS 26: WWDC 2025 Recap
Apple Music in iOS 26 Apple's latest iOS 26 update for iPhone brings a slew of changes to system apps. It makes the Photos app usable again and includes new features within Messages, Wallet, Maps, and more. But with the storm of information, one of the apps that could've gone under the radar during Apple's WWDC announcement is Apple Music. The Cupertino tech giant is supercharging Apple Music with new capabilities. To be specific, Apple is adding three new features to its Music app with iOS 26 and here's why they matter. This feature helps you understand the words in your favorite non-English tracks. If you're listening to Spanish country music or a French romantic song, you'll now see the lyrics translated in real time. It's built to make music more accessible and lyrics understandable, regardless of language barriers. The translations appear in a smaller font than the usual lyrics font. I installed the iOS 26 Developer Beta 1 to check if it also translates Hindi songs (Hindi being my primary language) to English. Thankfully, it doesn't. My Bollywood music retains its original lyrics while I can get Gasolina translated in real time. Apple Music's Lyrics Pronunciation does exactly what it says—it teaches you how to sing the lyrics correctly. I'm looking forward to understanding how it works so I can sing along to my favorite non-English and non-Hindi songs without butchering the chorus. Under Settings > Apps > Music, Apple now offers a Lyrics menu. You can choose whether lyrics or pronunciation appears larger when both are displayed. I haven't seen pronunciation in Music so far, but I expect it to roll out to more songs gradually. Automix in Apple Music on iOS 26 can turn your playlists into a DJ-like continuous listening experience. It lives under Settings > Apps > Music > Song Transitions, which replaces the Crossfade toggle. Using time stretching and beat matching, Apple Music now transitions between songs like a DJ would. It can theoretically remove silences between song transitions and deliver a clean, flowing vibe to your playlist. Automix is stated to transition songs 'at the perfect moment, based on analytics of the key and tempo of the music.' You can still find and toggle Crossfade just below Automix. All of these new Apple Music features will come to supported iPhones with the iOS 26 update.
