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Home / Business / AT&T bends out of Hulu; Will Comcast Be Alongside Selling Its Ownership?

AT&T bends out of Hulu; Will Comcast Be Alongside Selling Its Ownership?



NEW YORK – AT & T has sold its 9.5% stake in Hulu back to the streaming television company, leaving Disney and Comcast as their owners.

Hulu said Monday at AT&T

T, -0.56%

sold his $ 1.43 billion stake and valued the $ 15 billion unprofitable Hulu.

The Walt Disney Co.

DIS, + 1.52%

completed with 60% share after the purchase of much of the 21

st Century Fox, which included Fox's Hulu bet. NBCUniversal parent Comcast Corp.

CMCSA, + 1.16%

owns 30%. It's speculation that Comcast will sell and leave Disney as the sole owner and can make Hulu content much more Disney-centered.

Disney can pack Hulu with its upcoming child-specific streaming service, Disney Plus, and its sports service, ESPN.

Hulus $ 6 service gives users the opportunity to watch original shows and network TV episodes after they have air on TV. It has a newer live TV service that costs $ 45 per month.

AT & T made its Hulu efforts after buying Time Warner, which invested $ 583 million in Hulu in 2016. Now, the company, WarnerMedia, is launching its own streaming service later this year, which will focus on HBO and others. performances and films owned by the company.

NBCUniversal will also debut a streaming service by 2020.

The proliferation of streaming services may mean higher costs for consumers such as

Hulus CEO Randy Freer said in a statement that AT & Ts WarnerMedia, which provides content to Hulu, will remain "a valued partner."


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