NEW YORK – AT & T has sold its 9.5% stake in Hulu to the streaming TV company, leaving Disney and Comcast as owners.
Hulu said Monday that AT & T
sold his share for $ 1.43 billion and rated the unprofitable Hulu at $ 15 billion.
The Walt Disney Co.
DIS, + 1.52%
ended with a 60% share following the purchase of much of 21
CMCSA, + 1.16%
owns 30%. There is speculation that Comcast will also sell, leaving Disney the sole owner and possibly Hulu's content becoming much Disney-centric.
Disney could bundle Hulu with its child-facing streaming service Disney Plus and its sports service ESPN executives said last week.
Hulu's 6-month service allows users to watch original series and network TV episodes after they have been televised. There's a newer live TV service that costs $ 45 a month.
AT & T acquired through its stake in Hulu through the purchase of Time Warner, which invested $ 583 million in Hulu in 2016. Now WarnerMedia will start streaming itself by the end of the year, the service will be focused on HBO and other shows and films of the company.
Also NBCUniversal 2020 will present a streaming service.
The fragmentation of streaming services can mean higher costs for consumers chasing all their favorite shows and movies in various services.
Hulu boss Randy Freer said in a statement that AT & T's WarnerMedia, which provides content for Hulu, will remain "a valued partner."