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Comcast gives Disney control of Hulu, agrees buy-out option

2019-05-14 16:30:00| Telecompaper Headlines

(Telecompaper) Comcast has agreed to hand control of the OTT TV platform Hulu to Disney. The latter already owns a majority of the shares and will assume full operational control of Hulu, effective immediately. In return, Comcast secured a guaranteed price for its stake in Hulu if its decides to sell to Disney in the next five years. 

Tags: control option disney agrees

 

Hulu grows to over 28 mln subscribers, announces new content deals

2019-05-01 16:06:00| Telecompaper Headlines

(Telecompaper) US OTT TV service Hulu announced that it's passed 28 million subscribers, including 26.8 million monthly paid subscribers and 1.3 million promotional accounts. The company last reported over 25 million subscribers at the end of 2018. The figures were announced at an event in New York where Hulu also revealed details of new content and advertising offerings. 

Tags: content deals subscribers announces

 
 

Hulu U.S. customer base passes 28 million

2019-05-01 15:00:27| Digital TV News

At 'Hulu '19 Presentation', Hulu revealed continued rapid growth, new original programming and talent deals that expand its content offering, as well as brand initiatives, advertising products and UX enhancements that bolster its goal of becoming the #1 choice for TV.

Tags: customer base million passes

 

Hulu buys back AT&T's 9.5% stake for USD 1.43 bln

2019-04-16 09:04:00| Telecompaper Headlines

(Telecompaper) AT&T has sold its 9.5 percent minority stake in Hulu back to the US online TV service for USD 1.43 billion. The transaction values Hulu at USD 15 billion. The transaction will not require any approval, which means it was signed and closed. Hulu CEO Randy Freer said the company looked forward to collaborating still with AT&T in the future and that WarnerMedia will remain a "valued partner" for years to come. AT&T meanwhile said it will use the money raised from the sale, along with other planned sales of non-core assets, to reduce its debt. 

Tags: back usd buys stake

 

AT&T sells off stake in Hulu

2019-04-16 02:00:00| Total Telecom industry news

AT&T has sold its minority stake in online content streaming service provider, Hulu, for $1.43 billion. AT&T offloaded its 9.5 per cent stake in the company…read more on TotalTele.com »

Tags: att sells stake hulu

 

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