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

Governments announce $53M to buy Grand Forks properties, fix river banks destroyed in flooding

The Boundary Flood Recovery team applied for the grant last January

GFI Day 1: Speed, upsets and stolen bases

Teams look to impress on their returns to James Donaldson Park

Christina Lake officially ‘Pickleball Capital of Canada’

The designation has been nearly two years in the making

GFI gets underway in Grand Forks

Wednesday’s events feature a home run derby

Council levels zoning infraction at warming centre

Coun. Zielinski: ‘If we don’t uphold our own laws, we’re on a very slippery slope going forward’

VIDEO: Driver doing laps in busy Vancouver intersections nets charges

Toyota Camry spotted doing laps in intersection, driving towards pedestrians

Every situation is different, jurors hear at coroners inquest into Oak Bay teen’s overdose death

Pediatrician says involuntary treatment necessary following overdose, opioid use

RCMP across Canada to soon unionize, according to B.C. mayor

A spokeswoman for RCMP headquarters in Ottawa says it’s not yet a done deal

Explicit sex-ed guide for adults mistakenly given to Creston elementary students

The booklet clearly states online and inside that the guide contains sexually explicit information

Driver has $240K McLaren impounded minutes after buying it in West Vancouver

Officers clocked the car travelling at 160 km/h along Highway 1 in a 90 km/h zone

Fundraiser for Sparwood cancer patient raises over $80k

“Friday was something I won’t ever forget,” said Sparwood’s Barry Marchi.

Former Vernon Judo coach pleads guilty to child pornography charges

Bryan Jeffrey McLachlan is set to return to court Sept. 4 for sentencing

B.C. Olympic skier sues Alpine Canada after coach’s sex offences

Bertrand Charest was convicted in 2017 on 37 charges

Most Read