This June 24, 2015, file photo shows the Hulu Apple TV app icon in South Orange, N.J. There are more TV streaming services than ever before and more people are opting to drop cable in favor of streaming services. But monthly subscriptions can add up fast. A little research on which services are best for you can help save big bucks.(AP Photo/Dan Goodman, File)

Disney, Comcast now Hulu’s only owners as AT&T exits

AT&T sold its stake for $1.43 billion, valuing the unprofitable Hulu at $15 billion

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 Monday that AT&T sold its stake for $1.43 billion, valuing the unprofitable Hulu at $15 billion.

READ MORE: Disney will launch streaming service late this year

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.

AT&T came by its Hulu stake after buying Time Warner, which invested $583 million in Hulu in 2016. Now the company, known as WarnerMedia, is launching its own streaming service later this year, which will focus on HBO and other shows and movies owned by the company.

NBCUniversal, too, will debut a streaming service in 2020.

The fragmentation of streaming services may mean higher costs for consumers as they hunt down all their favourite shows and movies across different services.

Hulu CEO Randy Freer said in a statement that AT&T’s WarnerMedia, which provides content to Hulu, will remain “a valued partner.”

Tali Arbel, The Associated Press

Like us on Facebook and follow us on Twitter

Just Posted

Another gold medal for Barriere Minor Ball

Barriere Minor Ball’s teams are on a home-run right now! Most recently… Continue reading

Lightning strike knocks out Bradford Wells in Barriere

On Tuesday, July 16, the District of Barriere sent out notification to… Continue reading

Annual Canadian Junior Angus Show at the North Thompson Agriplex in Barriere

Last year, Showdown 2018 took place in Barrie, Ontario; so perhaps it… Continue reading

Another success for Barriere Park Show Shine

The Barriere Park Show & Shine came off perfectly under sunnyskies on… Continue reading

Squam Bay Fish Derby winners take home the loot

The 64th Annual Squam Bay Fish Derby was held July 14 at… Continue reading

Joaquin ‘El Chapo’ Guzman sentenced to life in prison

Experts say he will likely wind up at the federal government’s Supermax prison in Florence, Colorado

Olympic softball qualifier gets $150K boost from provincial government

2019 Americas Qualifier to be held in Surrey from Aug. 25-Sept. 1

Gas price inquiry questions Trans Mountain capacity, company denies collusion

The first of up to four days of oral hearings in the inquiry continue in Vancouver

‘Benzos’ and fentanyl a deadly cocktail causing a growing concern on B.C. streets

Overdoses caused by benzodiazepines can’t be reversed with opioid-overdose antidote naloxone

Will you be celebrating national hotdog day with any of these crazy flavours?

The popularity of hotdogs spans generations, cultures

Former home of accused Penticton shooter vandalized

Ex-wife of man who is accused of murdering four people had her house vandalized

Survivor of near-drowning in B.C. lake viewing life through new eyes

“If I died that day, the baby wouldn’t know his dad,” said 31-year-old Mariano Santander-Melo.

‘Beyond the call’: Teen in police custody gets birthday surprise by B.C. Mountie

Unusual celebration started when Staff Sgt. Paul Vadik went to visit the teen in his Coquitlam cell

Thunderstorms forecast across B.C.

Environment Canada has issued a thunderstorm watch for B.C.’s central Interior

Most Read