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

Associated Press |

NEW YORK (AP) — AT&T has sold its 9.5% share in Hulu back to the streaming TV company, leaving Disney and Comcast as its sole owners.

Hulu said Monday that AT&T sold its stake for $1.43 billion, valuing Hulu at $15 billion. AT&T came by its stake after buying Time Warner, which invested $583 million in Hulu in 2016.

The Walt Disney Co. wound up with a 60% share after buying much of 21st Century Fox. NBCUniversal parent Comcast Corp. owns 30%.

Hulu CEO Randy Freer says in a statement that AT&T's WarnerMedia, which provides content to the service, will remain "a valued partner."

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer



Symbol Last Price Change % Change










World Economic Forum at Davos 2019 - Frank Ricotta CEO BurstIQ

Matt Bird sits down with Frank Ricotta, CEO BurstIQ, at the World Economic Forum at Davos 2019