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Hulu buys AT&T minority streaming broadcast service – term



And then there were two. Hulu, which belonged to four major media companies just a month ago – Disney, 21st Century Fox, NBCUniversal and AT&T / Werner Media, will now be jointly owned by Disney and NBCU. AT&T and Hulu met on AT&T to sell their minority stake in Hulu back to the video broadcasting joint venture.

billion and AT&T's 9.5% interest was $ 1.43 billion.

Recently, $ 71.3 billion in the acquisition of 21st century Fox assets, including Hulu's stake, became Disney's majority shareholder – about 60%, followed by NBCU (30%) ) and WernerMedia. Two remaining owners will now have to pay 9.5% of WarnerMedia shares. The traditional breakdown would be the current property of Disney and NBCU (2: 1), but everything will be negotiated between the two countries in the coming weeks.

Hulu has become a major part of Disney's portfolio and has been featured during last week's launch of a major consumer consumer presentation. Today's deal certainly adds to the speculation that Disney will eventually become the only Hulu owner

"We thank AT&T for its support and investment over the past two years and look forward to future collaboration. "WarnerMedia will remain a valuable partner for Hulu in the coming years, because we offer our customers the best TVs, live and in demand, in one place," said Hulu CEO Randy Freer.

The operation did not require any government or other third party approvals and was simultaneously signed and closed.

The benefit of AT&T from this operation, in addition to additional planned non-core asset sales, will reduce debt. $ 85 billion in Time Warner last summer.

AT&T SVP and Finance Director John Stephens said last month that WarnerMedia's growth and debt reduction are key priorities for the company. Telco Closes Its Time Warner Transaction – $ 180 Billion US Dollar Debt until 2018 End shaved 9 billion And said it would still benefit another $ 12 billion. US dollars free cash flow to continue to pay.


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