Disney is set to pay NBCUniversal, owned by Comcast, nearly $439 million to acquire its stake in Hulu, thereby assuming full control of the streaming platform. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

Disney has cast doubt on speculation that the company will wind down its standalone entertainment streamer Hulu anytime soon.

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.

Disney CEO Bob Iger joins CNBC’s ‘Squawk on the Street’ to discuss his company agreeing to pay Comcast $438.7 million to take full control of Hulu, the company’s streaming strategy, and more.

Ticker: Disney to pay almost $439M for Hulu; World Bank sharply downgrades global economic growth forecast to 2.3%

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.

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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