BuzzFeed shares rise 20.26% after-hours as Hulu and BuzzFeed News announce R. Kelly documentary partnership.

BuzzFeed surged 20.26% in after-hours trading following reports that Hulu and BuzzFeed News are collaborating on a documentary examining sexual abuse allegations against R. Kelly. The partnership, focused on content production, aligns with BuzzFeed’s core media and news operations, potentially enhancing its revenue prospects through high-profile projects. While the documentary’s subject matter may attract controversy, the emphasis on joint development with Hulu—a major streaming platform—signals strategic business activity likely to bolster investor confidence. Other news, including a Japanese actress’s social media post, is unrelated to BuzzFeed’s operations and does not impact the stock’s movement.