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.

Walt Disney and Comcast’s NBCUniversal have sued artificial intelligence company Midjourney, accusing the image generator of copying their copyrighted characters without permission. The studios are seeking a preliminary injunction to block Midjourney from using their intellectual property.

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.

NBCUniversal and Warner Bros. Discovery are racing to offload their ailing linear TV channels. But just one of the new SpinCos is unburdened by billions in debt.

Disney and NBCUniversal have launched a lawsuit against Midjourney, alleging the AI service has continuously infringed on intellectual property.

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

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