Disney and NBCUniversal filed a federal lawsuit against AI company Midjourney on Wednesday, June 11, claiming that

Disney will pay Comcast’s NBCUniversal nearly $439 million for its stake in Hulu, taking full control of the streaming service.

Disney had estimated the value to be around $27.5 billion, while Comcast was looking for at least $40 billion. If Comcast’s side had won out, Disney would be looking at an additional payment of about $5 billion.

Disney’s Hulu acquisition is complete, setting the stage for global expansion, stronger bundles and a new era of streaming strategy.

Disney and NBCUniversal sued an artificial intelligence developer for allegedly infringing on their protected works, the first Hollywood corporate titans to join a mushrooming legal war pitting copyright holders against AI upstarts.

Disney finalizes $439 million deal to acquire full ownership of Hulu from Comcast, ending years of joint control.