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

Motor Mountain Nationals in Kimberley this weekend

Kimberley’s summer festivals continue non-stop, with the Motor Mountain Nationals up this… Continue reading

A great weekend of soccer at JulyFest tournament

The annual JulyFest Soccer Tournament had another successful year with teams from… Continue reading

Know it All: Summer entertainment in Kimberley Cranbrook

Cranbrook Arts The featured artist this month in the gallery at Cranbrook… Continue reading

Neither rain nor cold can stop Kimberley’s JulyFest

JulyFest attendees managed to ‘Get Festy’ despite the rain and cold, says… Continue reading

VIDEO: Missing teens named as suspects in three northern B.C. killings

Kam McLeod and Bryer Schmegelsky are wanted in the deaths of Lucas Fowler, Chynna Deese, unknown man

Northern B.C. double homicide, suspicious death: A timeline of what we know

Two teens from Port Alberni are now wanted Canada-wide in connection to the three deaths

B.C. teacher suspended for professional misconduct

Grade 8 shop teacher admits to use of vulgar language and profanities toward students

B.C. wine industry legend Harry McWatters dies

Among his accomplishments, McWatters founded the province’s first estate winery, Sumac Ridge Estate

Provincial health body refuses to release full findings of cancer triage system audit

Information and Privacy Commissioner asked to review redactions

Southern resident killer whale died of blunt trauma, likely from ship

J34 was found more than two years ago near Sechelt, but the necropsy findings have now been released

B.C. rail crossing death highlights risks for people in wheelchairs: watchdog

Transportation Safety Board points to ‘persistent risks faced by persons using assistive devices’

B.C. teens wanted in double homicide, suspicious death spotted in Manitoba

Kam McLeod and Bryer Schmegelsky were thought to have been seen in the Gillam area

Nelson’s net-zero ready house is a glimpse into B.C.’s future

One local builder set out to construct the province’s ideal energy efficient home

Most Read