NEW YORK – AT & T shares its 9.5% share in Hulu back to the streaming TV company, leaving Disney and Comcast as its owners.
Ron said on Monday that AT & T
sells its stake for $ 1.43 billion, valuing the unprofitable Hulu for $ 15 billion.
Walt Disney Co
DIS, + 1.52%
had a 60% share after the purchase of most of the 21
CMCSA, + 1.16%
owns 30%. There is also speculation that Comcast will also sell, leaving Disney the only owner and possibly making more content on Hulu Disney-centric.
Disney can bundle up Hulu with the upcoming streaming child service, Disney Plus, and its sports service, ESPN Plus, executives said last week.
The $ 6-month Hulu service allows users to watch original series and TV episodes on the network after being aired on TV. There is a newer live-TV service worth $ 45 a month.
AT & T came through its Hulu stake after purchasing Time Warner, investing $ 583 million in Hulu in 2016. Now the company, known as WarnerMedia, launches its own streaming service later in the year this, which focuses on HBO and other shows and movie-owned films.
NBCUniversal, too, is a streaming service by 2020.
Stagging of streaming services can mean higher costs for consumers as they search for all their favorite shows and movies to other services.
Hulu CEO Randy Freer said in a statement that AT & T's WarnerMedia, which provides content on Hulu, will remain "an important partner."