Table of Contents

• Disney & Hulu

• OpenAI

Top Stories Today

Disney & Hulu

Disney has finalized its purchase of Comcast’s remaining interest in Hulu for $438.7 million, wrapping up an appraisal process that began after Disney’s 2023 decision to pursue full ownership. The companies had previously set Hulu’s minimum valuation at $27.5 billion, and while Disney’s appraisal came in lower, Comcast’s came in higher, prompting a third-party decision. With the acquisition complete, Disney plans to more fully merge Hulu with its Disney+ platform and upcoming ESPN streaming service. Comcast, now focused on Peacock, acknowledged the value Hulu created for its business and ended the partnership on a positive note.

OpenAI

OpenAI has reached $10 billion in annual recurring revenue, doubling last year’s total, driven by strong demand for its AI tools across individual and enterprise users. This figure excludes licensing income from Microsoft and one-off deals. Despite the rapid revenue growth, the company reportedly posted a $5 billion loss last year and aims to hit $125 billion in sales by 2029. Its latest $40 billion funding round reflects investor confidence, valuing OpenAI at around 30 times revenue. With 500 million weekly active users and 3 million paying business customers, OpenAI continues to expand its footprint in the AI sector.

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