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Categories: Comcast Hulu Time Warner

After months of talks, #TimeWarner is buying a chunk of #Hulu, the web TV service. The deal means Time Warner will be partners with existing owners #Disney, 21st Century Fox and #Comcast ’s NBCUniversal*, and that Time Warner’s channels like Turner and CNN will be part of a new pay TV service Hulu wants to launch next year. Time Warner says it is buying a 10 percent stake in Hulu; a person familiar with the deal says it is putting in around $580 million (Update: Make that $583 million, per Time Warner’s CFO, during the company’s earnings call this morning) for that stake, which values the entire company at $5.8 billion. Hulu, which industry sources estimate is losing hundreds of millions of dollars a year, had originally wanted Time Warner to buy as much as 25 percent of the company.

http://www.recode.net/2016/8/3/12366680/time-warner-hulu–580-million?mkt_tok=eyJpIjoiTVRsbFlUUTFOVEV4TkRneSIsInQiOiJpb3FTdXdXRU81WXQ4Nng5c3E2ckNDekE2Y1YxZG9xalBiRVFUenNMckxZcmFXaFpDbzlNb1JMUVhmcHp3eEFyTmlWXC8weUZPWlpsd0RvY2RqMVZWWFwvbjVjV1RVNitVdE41Uk1IU25FXC9zMD0ifQ%3D%3D

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