This undated photo courtesy of Heritage Auctions shows the movie poster from the 1927 film "London after Midnight." (AP Photo/Courtesy of Heritage Auctions)
DALLAS (AP) --
A poster for the 1927 film "London After Midnight," starring Lon Chaney, has sold for $478,000, making it the most valuable movie poster ever sold at public auction.
Heritage Auctions in Dallas announced Monday that it's the only poster known to exist for the film in which Chaney, a star of early cinema, appeared as a vampire.
Saturday's buyer is a longtime collector of horror movie posters who requested anonymity.
The film for "London After Midnight" was lost years ago and the movie was reconstructed about 10 years ago using more than 200 still photos.
1932's "The Mummy" held the previous record for a poster's sale at public auction — more than $453,000 in 1997.
The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange, Aug. 8, 2017. (AP Photo/Richard Drew, File)
Disney's Hulu + Live TV and sports streaming service Fubo are combining in a deal that will also see the settlement of a lawsuit against the creation of Venu Sports.
Fubo and Hulu + Live TV both allow customers to stream live broadcast and cable networks on their connected TVs, mobile phones, tablets, and other internet-connected devices.
The combined company, which Disney will have a 70% stake in, will operate under Fubo's publicly traded company name and be led by Fubo's existing management team. Fubo and Hulu + Live TV have a combined 6.2 million North American subscribers.
Fubo and Hulu + Live TV will still be available to consumers as separate offerings once the transaction closes.
"This combination enables us to deliver on our promise to provide consumers with greater choice and flexibility," Fubo CEO David Gandler said in a statement. "Additionally, this agreement allows us to scale effectively, strengthens Fubo's balance sheet and positions us for positive cash flow."
Disney has committed to a $145 million term loan to Fubo in 2026. There's also a $130 million termination fee payable to Fubo under certain circumstances.
Disney said it will also enter into a new deal with Fubo that will allow Fubo to create a new sports and broadcast service that features Disney's sports and broadcast networks including ABC, ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNEWS and ESPN+.
The companies said that Fubo has settled all litigation with Disney and ESPN related to Venu Sports, the sports streaming platform that was planned by ESPN, Fox and Warner Bros. Discovery. Fubo has also settled all litigation with Fox and Warner Bros. Discovery.
In August a federal judge granted Fubo's motion for a preliminary injunction against... Read More
