“Terms of Time Warner’s Hulu deal initially were not disclosed. Time Warner later confirmed it is investing $583 million in cash, which implies Hulu is worth nearly $6 billion,” Spangler reports. “Hulu, with the cash infusion and Time Warner’s strategic backing, now has additional firepower to challenge subscription VOD leader Netflix in acquiring original shows, cutting licensing deals and expanding its service. With Time Warner’s buy-in, Comcast’s NBCUniversal, Disney and Fox each now own 30% stakes in Hulu.”
Spangler reports, “With the Hulu investment, Time Warner said Turner networks including TNT, TBS, CNN, Cartoon Network, Adult Swim, truTV, Boomerang and Turner Classic Movies will be available live and on-demand on Hulu’s new live-streaming service.”
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