Latest news with #NickViall
Yahoo
11-06-2025
- Business
- 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 Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
Disney Closes Hulu Deal With Comcast, Paying Billions Less Than NBCU Was Seeking
After more than two years of haggling, Disney has finally closed its deal with Comcast to buy out NBCUniversal's one-third stake in Hulu — and Disney is paying much less than it would have if NBCU had its druthers. In December 2023, in an initial payment toward the Hulu buyout, Disney agreed to pay $8.61 billion to Comcast, which represented one-third of the $27.5 billion guaranteed floor value for Hulu that was set when the companies entered into their agreement in 2019. More from Variety Marvel Animation Premieres First Episode of 'Eyes of Wakanda' at France's Annecy Animation Festival 'The Secret Lives of Mormon Wives' Sets Reunion Special Hosted by Nick Viall Disney Loses Legal Bid to Block YouTube's Hiring of Media Exec Justin Connolly The two sides last year entered into arbitration to determine the final price tag. Now, that number has been calculated: Pursuant to the contractual appraisal process that was completed on June 9, 2025, an additional $438.7 million is payable by Disney to NBCU to purchase NBCU's interest in Hulu, according to a Disney SEC filing Monday. The acquisition of NBCU's interest in Hulu will close on or before July 24, 2025, per the filing. The total price Disney will have paid for Hulu is approximately $9 billion, implying a value of $27 billion overall for the streaming company. If the price had been determined by the bank hired by Comcast to assess the value the Hulu stake, it would have resulted in an additional $5 billion payable by Disney. 'We are pleased this is finally resolved. We have had a productive partnership with NBCUniversal, and we wish them the best of luck,' Disney CEO Bob Iger said in a statement. '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.' A Comcast spokesperson said in a statement, '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. We wish Disney well with Hulu and appreciate the cooperative way our teams managed the partnership.' In May 2024, Disney and NBCU entered into a 'confidential arbitration' to resolve the dispute over the appraisal process to determine the fair value of Hulu 'in which the parties seek declaratory relief, equitable relief and unspecified damages,' according to an earlier Disney disclosure. Per the companies' agreement, if the two sides' valuations were not within 10% of each other, the banks they enlisted for the transaction would pick a third firm to make another estimate, and Hulu's final valuation will be the average of the two figures that are closest to each other. The valuations arrived at by the Disney and Comcast camps were very different. During the initial phase of the appraisal process, Disney's appraiser arrived at a valuation below the guaranteed floor value, while NBCU's appraiser arrived at a valuation 'substantially in excess of the guaranteed floor value,' according to Disney's filing. The 'final equity fair value' takes into account the valuation of that third appraiser. Best of Variety 25 Hollywood Legends Who Deserve an Honorary Oscar New Movies Out Now in Theaters: What to See This Week Emmy Predictions: Animated Program — Can Netflix Score Big With 'Arcane,' 'Devil May Cry' and the Final Season of 'Big Mouth?' Sign in to access your portfolio
Yahoo
10-06-2025
- Business
- 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
Yahoo
09-06-2025
- Business
- Yahoo
Disney Closes Hulu Deal With Comcast, Paying Billions Less Than NBCU Was Seeking
After more than two years of haggling, Disney has finally closed its deal with Comcast to buy out NBCUniversal's one-third stake in Hulu — and Disney is paying much less than it would have if NBCU had its druthers. In December 2023, in an initial payment toward the Hulu buyout, Disney agreed to pay $8.61 billion to Comcast, which represented one-third of the $27.5 billion guaranteed floor value for Hulu that was set when the companies entered into their agreement in 2019. More from Variety Marvel Animation Premieres First Episode of 'Eyes of Wakanda' at France's Annecy Animation Festival 'The Secret Lives of Mormon Wives' Sets Reunion Special Hosted by Nick Viall Disney Loses Legal Bid to Block YouTube's Hiring of Media Exec Justin Connolly The two sides last year entered into arbitration to determine the final price tag. Now, that number has been calculated: Pursuant to the contractual appraisal process that was completed on June 9, 2025, an additional $438.7 million is payable by Disney to NBCU to purchase NBCU's interest in Hulu, according to a Disney SEC filing Monday. The acquisition of NBCU's interest in Hulu will close on or before July 24, 2025, per the filing. The total price Disney will have paid for Hulu is approximately $9 billion, implying a value of $27 billion overall for the streaming company. If the price had been determined by the bank hired by Comcast to assess the value the Hulu stake, it would have resulted in an additional $5 billion payable by Disney. 'We are pleased this is finally resolved. We have had a productive partnership with NBCUniversal, and we wish them the best of luck,' Disney CEO Bob Iger said in a statement. '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.' A Comcast spokesperson said in a statement, '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. We wish Disney well with Hulu and appreciate the cooperative way our teams managed the partnership.' In May 2024, Disney and NBCU entered into a 'confidential arbitration' to resolve the dispute over the appraisal process to determine the fair value of Hulu 'in which the parties seek declaratory relief, equitable relief and unspecified damages,' according to an earlier Disney disclosure. Per the companies' agreement, if the two sides' valuations were not within 10% of each other, the banks they enlisted for the transaction would pick a third firm to make another estimate, and Hulu's final valuation will be the average of the two figures that are closest to each other. The valuations arrived at by the Disney and Comcast camps were very different. During the initial phase of the appraisal process, Disney's appraiser arrived at a valuation below the guaranteed floor value, while NBCU's appraiser arrived at a valuation 'substantially in excess of the guaranteed floor value,' according to Disney's filing. The 'final equity fair value' takes into account the valuation of that third appraiser. Best of Variety 25 Hollywood Legends Who Deserve an Honorary Oscar New Movies Out Now in Theaters: What to See This Week Emmy Predictions: Animated Program — Can Netflix Score Big With 'Arcane,' 'Devil May Cry' and the Final Season of 'Big Mouth?' Sign in to access your portfolio
Daily Mail
06-06-2025
- Entertainment
- Daily Mail
Someone is MISSING from the Secret Lives Of Mormon Wives reunion special
Hulu's popular reality series The Secret Lives Of Mormon Wives delighted fans on Thursday with the announcement of a season two reunion. The special, which will be hosted by the Bachelor Nation star Nick Viall on July 1, will be the first for the series, which didn't hold a reunion special after its first season. But photos from the special taping reveal that it won't be a full reunion, as one key cast member wasn't featured in any of the photos. Apparently missing from the reunion was series star Demi Engemann. And it wasn't just Demi, but also her husband Bret Engemann, as he too was missing in a larger group photo featuring the women's husbands. The reunion's announcement didn't include any hint about why Demi wasn't featured in the photos, or if she appeared at the reunion in any capacity. Her absence comes after she was the center of multiple conflicts in the show's dramatic second season. It's now unclear what her status is for the upcoming third season, and if she's set to return to The Secret Lives Of Mormon Wives. However, Demi has been present at publicity events promoting the series, which suggests that she wasn't done with the show as of just last month. She was pictured on the red carpet in Los Angeles on May 9 when she attended the season two premiere. Demi — who is part of the MomTok group of women Mormon influencers that comprise the main cast — was swept up in controversy recently when she and her costar Jessi Ngatikaura were both rumored to have carried on affairs with the Vanderpump Villa star Marciano Brunette. Demi went on to claim that 'nothing happened' with Marciano, and she said 'there wasn't even a remote attraction to him.' Jessi — who recently gushed about her new 'designer vagina' — later revealed on The Viall Files that she and Demi were no longer friends. But the controversy led fans to wonder if she would still be back for a third season, and her appearance at the season two premiere last year raised more questions than it answered Fans wondered if Demi — who was painted as the show's villain — might have sent a coded message about her future at the season two premiere (pictured), as she wore white while all the other women wore shades of blue The show's stars appeared to have made a coordinated appearance at the premiere, as eight of them were dressed in various shades of blue, from a dark navy to a pale powder blue. But Demi was notably wearing a white long-sleeve satin minidress, which also happened to be the most revealing outfit of the stars thanks to its short skirt. Demi hasn't commented on the reunion yet, but she did share a video excerpt of a Lucy Hale interview to her Instagram Stories in which she says, 'You're actually doing things right if people don't like you. When I have felt the most aligned in speaking my truth, like emanating my inner light, it triggers a lot of people. A couple of people online are like, "I don't believe her... phony." But it doesn't faze me.' '👏👏👏 queen stuff,' she wrote over the video. The Secret Lives Of Mormon Wives reunion special begins streaming July 1 on Hulu and Hulu on Disney+. Season two of the series is already streaming.
