Time Warner takes 10% stake in Hulu, will be part of new live TV service

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Time Warner takes 10% stake in Hulu, will be part of new live TV service

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<p>Time Warner has confirmed that it is buying a 10% stake in online TV service <a href="http://9to5mac.com/guides/hulu/" target="_blank">Hulu[/url], after lengthy talks with the loss-making service, reports <a href="http://variety.com/2016/digital/news/time-warner-hulu-investment-1201829514/" target="_blank">Variety[/url]. It has been <a href="http://www.recode.net/2016/8/3/12366680/time-warner-hulu--580-million" target="_blank">reported[/url] that the stake is costing the company around $580M, valuing Hulu at $5.8B.</p>
<p> <a href="http://9to5mac.com/2016/08/03/time-warner-hulu-live-tv/#more-441046" class="more-link">more…[/url]</p>
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Source: Time Warner takes 10% stake in Hulu, will be part of new live TV service