Time Warner Cable in Bid to Take Stake in Hulu

Hulu's current owners may be looking for buyer for the website

   

Time Warner Cable in Bid to Take Stake in Hulu

hulu 630 300x300 Time Warner Cable in Bid to Take Stake in HuluSources tell The New York Post that Time Warner Cable (NYSE:TWC) is discussing a possible partnership with other cable providers to acquire online TV and movie streaming platform Hulu.

Hulu, which is currently owned by broadcast companies, including Disney (NYSE:DIS), Comcast (NYSE:CMCSA) and News Corp. (NASDAQ:NWSA) has been looking for potential buyers. According to the sources, if the cable companies pursue a bid for Hulu, Comcast could retain its interest in the website. Under a deal with regulators, Comcast, which acquired its share in Hulu through its acquisition of NBCUniversal, is forbidden from having any say in its management.

GooglePromo Time Warner Cable in Bid to Take Stake in Hulu
Google Fiber to Launch in Provo, Utah

Word of the possible deal comes as cable services are facing increasing competition from online video streaming websites like Netflix (NASDAQ:NFLX), Amazon‘s (NASDAQ:AMZN) Prime and Hulu.

The broadcast companies that currently own Hulu have also been introducing their own brand-specific streaming video platforms.

Last year, Hulu, which charges a monthly subscription fee for its premium service, generated revenue of $700 million. It posted an annual $30 million operating loss.


Article printed from InvestorPlace Media, http://investorplace.com/2013/05/time-warner-cable-in-bid-to-take-stake-in-hulu/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.