Disney Takes Full Control of Hulu
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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.
Bob Iger positioned Disney's linear networks as an advantage over rivals like WBD and Comcast/NBCU that are spinning off their cable TV assets.
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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