AT&T has sold its 9.5% share in Hulu back to
the streaming TV company, leaving Disney and
Comcast as its owners.
Hulu said that AT&T sold its stake for $1.43 billion,
valuing the unprofitable Hulu at $15 billion.
The Walt Disney Co. wound up with a 60% share
after its purchase of much of 21st Century Fox,
which included Fox’s Hulu stake. NBCUniversal
parent Comcast Corp. owns 30%. There is
speculation that Comcast will sell too, leaving
Disney the sole owner and perhaps making
Hulu’s content much more Disney-centric.
Disney may bundle Hulu with its upcoming
kids-focused streaming service, Disney Plus,
and its sports service, ESPN Plus, executives
said last week.
Hulu’s $6-a-month service lets users watch
original series and network TV episodes after they
air on TV. It has a newer live-TV service that costs
$45 a month.
antfer
(Antfer)
#1