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Disney has consolidated ownership of Hulu, boosting its streaming portfolio. The Burbank giant will pay Comcast more than $9 billion for its stake in the streaming service behind “Only Murders in the Building.”
The move will put the company’s iconic movie studio, prestige TV operation, HBO and HBO Max and DC Studios into a single entity known as Streaming & Studios.
Prominent attorneys Abbe Lowell and Norm Eisen joined the Freedom of the Press Foundation’s campaign to thwart efforts by Paramount to reach a settlement with President Trump over his “60 Minutes” lawsuit.
The heiress was diagnosed earlier this spring. The disclosure comes as the Paramount sale drags on amid a fight with President Trump over “60 Minutes” edits.
Two California Democrats have proposed a hearing to review Paramount Global’s efforts to settle Trump’s $20-billion lawsuit. ‘I haven’t seen a president act in this brazen of a manner,’ said state Sen. Josh Becker (D-Menlo Park).
Sony Pictures Television struck streaming deals with Hulu and Peacock as longtime distribution partner CBS fights breakup attempt
The Shari Redstone-controlled company has grappled with a series of setbacks since it announced its sale to tech scion David Ellison’s Skydance Media last July.
The layoffs, which hit hundreds of workers in television, film and corporate finance, come three months after the company shed 200 workers in TV.
Allen’s move marks a significant retrenchment after spending more than $1 billion to load up on stations in small and medium-sized markets.
“We all need to understand what is happening,” FCC Commissioner Anna M. Gomez told an audience at a free press event.
