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NEW YORK – AT & T has sold its 9.5% stake in Hulu to the streaming TV company, leaving Disney and Comcast to its owners.
Hulu said Monday that AT & T
T -0.56%
sold his stake for $ 1.43 billion, pricing the unprofitable Hulu at $ 15 billion.
The Walt Disney Co.
DIS + 1.52%
60% after the purchase of much of 21st Century Fox, which included Fox's participation in Hulu. Comcast Corp. parent of NBCUniversal
CMCSA, + 1.16%
owns 30%. It seems that Comcast will also sell, leaving Disney the sole owner and perhaps making Hulu's content much more Disney-centric.
Disney could join Hulu with its upcoming Disney Plus children's streaming service and ESPN Plus sports service, officials said last week.
Hulu's $ 6 per month service allows users to watch original series and network television episodes after they air on television. His new live TV service costs $ 45 a month.
AT & T sold its stake in Hulu after buying Time Warner, which had invested $ 583 million in Hulu in 2016. The company, known as WarnerMedia, is launching its own streaming service later this year, which will focus on HBO as well as on the company.
NBCUniversal will also debut with a streaming service in 2020.
The fragmentation of streaming services can result in higher costs for consumers who are looking for all their favorite programs and movies on different services.
Hulu CEO Randy Freer said in a statement that AT & T's WarnerMedia, which delivers content to Hulu, will remain "a valuable partner."
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