The Walt Disney Company, a mass media and entertainment conglomerate, agreed to acquire the remaining 33% stake in Hulu, an American subscription streaming services provider, from NBC Universal, a Comcast-backed mass media and entertainment conglomerate, for $8.61bn. Under the 2019 deal, either NBCU or Disney could initiate the transaction as soon as November 1 - a timetable that was accelerated from the initial date of January 2024.