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Why did AT&T sell its efforts in Hulu?



AT & T sold its stake in Hulu

Mobile operator AT & T (T) and online streaming service Hulu struck a cash deal Monday, where AT & T agreed to sell its stake in Hulu, which is also owned by Comcast ( CMCSA) and Walt Disney (DIS). Hulu has repurchased AT & T's 9.5% stake in the US $ 1.43 billion US based streaming service. The deal values ​​Hulu to $ 15 billion.

The sale of AT & T's ownership will be allocated to Disney and Comcast, under the joint venture agreement. However, the company is expected to continue working with Hulu to deliver content across the platform.

 Why has AT & T sold its post in Hulu?

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Hulu Control

Hulu is controlled by Disney, Comcasts NBCUniversal and AT & Ts WarnerMedia. Disney had a 60% stake in Hulu, while Comcast owned a 30% stake. AT&T had a smaller 10% stake in Hulu. Therefore, AT & T decided to sell its small stake in Hulu, which could also help the company reduce its debt, which was over $ 170 billion by the end of 2018.

The sale of AT & T's ownership to Hulu is likely to Disney more control over the company. Disney previously had a 30% stake in Hulu. The acquisition of Fox assets made the Disney owner 60% of Hulu, which Fox owned 30% in Hulu. Disney plans to expand Hulu internationally and improve its content with Marvel superheroes. Disney works with Hulu to offer four adult animated series from Marvel Studios.


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