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Disney to complete takeover of Hulu with $8.6 bn deal
Credit: IndiaTimes- Published on November 1, 2023
The Walt Disney Company will acquire Comcast's $8.6 billion stake in Hulu, completing its takeover of the streaming service. The deal values Hulu at $27.5 billion. Disney aims to boost its subscriber numbers at its Disney+ streaming service. In the recently ended quarter, Disney+ lost over 10 million subscribers, largely due to...
Video credit: Wibbitz Top Stories
Published on November 2, 2023 - 01:30
Six Flags and Cedar Fair Merge to Create Theme Park Giant
Six Flags and Cedar Fair Merge , to Create Theme Park Giant.
The two companies have decided to merge in an all-stock deal, resulting in "an $8 billion parks giant," according to 'The Hollywood Reporter.'.
The new company will have "27 theme parks,
15 water parks, 9 hotels and resorts" throughout
North America, according to 'The Hollywood Reporter.'.
The new company will have "27 theme parks,
15 water parks, 9 hotels and resorts" throughout
North America, according to 'The Hollywood Reporter.'.
Safaris, marinas and more are also
included in the companies' portfolios.
According to the companies, combining their
licensed IP portfolios will aid in developing
"engaging new attractions.".
Six Flags holds rights to
'Looney Tunes' and DC Comics characters.
Six Flags holds rights to
'Looney Tunes' and DC Comics characters.
Cedar Fair holds rights to 'Peanuts' characters.
The merger comes as other companies, like NBCUniversal and Disney, expand their theme park businesses, according to 'The Hollywood Reporter.'.
The merger comes as other companies, like NBCUniversal and Disney, expand their theme park businesses, according to 'The Hollywood Reporter.'.
Disney has committed $60 billion to growing its theme parks, while Universal is building new attractions in Texas and Las Vegas.
Disney has committed $60 billion to growing its theme parks, while Universal is building new attractions in Texas and Las Vegas.
The new Six Flags-Cedar Fair company
will do business under Six Flags' name.
Its trading ticker symbol will be FUN
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