The Walt Disney Co. and NBCUniversal sued AI company Midjourney on Wednesday, alleging that its image generating service “functions as a virtual vending machine” that generates “endless unauthorized copies” of copyrighted works. The lawsuit, filed in U.S.
Walt Disney and Comcast's Universal filed a copyright lawsuit against Midjourney on Wednesday, calling its popular AI-powered image generator a "bottomless pit of plagiarism" for its use of the studios' best-known characters.
U.S. equities were mostly edging higher at midday as the market continued to wait for updates on U.S.-China trade talks. The S&P 500 and Nasdaq were up slightly, and the Dow Jones Industrial Average was near flat.
Brokerage firm Loop Capital increased its target price on Walt Disney as the firm nears the acquisition of Hulu. Hulu to add more Disney+ content Alan Gould, Loop Capital analyst, maintained his “buy” call on the company while increasing its target price to $130 from $125.
Walt Disney Co (NYSE:DIS, ETR:WDP) has completed its acquisition of Hulu, paying Comcast Corporation (NASDAQ:CMCSA, ETR:CTP2) an additional $438.7 million to secure the remaining 33% stake in the streaming service. The deal gives Disney 100% ownership, paving the way for deeper integration with Disney+ and ESPN's upcoming direct-to-consumer platform, chief executive Bob Iger said.
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