News Formal

AT&T Sheds Its Stake In Hulu For $1.43 Billion, Nearly Tripling Investment

  • 📰 Forbes
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Hulu is buying back AT&T's minority stake in the streaming service for $1.43 billion, the two companies said Monday.

The transaction values the streaming service, which competes with Netflix and Amazon, at $15 billion.

The telecommunications giant is loaded down with $171 billion in debt, following its $85 billion acquisition of Time Warner in June of 2018. AT&T has been looking for ways to shed non-core assets and reduce its debt load. The sale of AT&T's 9.5% stake in Hulu won't impact the streaming service's long-term agreements to carry WarnerMedia's networks on its Hulu+ Live TV service, which include TBS, Cartoon Network and TNT.

"WarnerMedia will remain a valued partner to Hulu for years to come as we offer customers the best of TV, live and on demand, all in one place,” Hulu CEO Randy Freer said in a statement. The Walt Disney Co. gained a controlling interest in Hulu with its acquisition of most of 21st Century Fox's film and television assets. It shares an ownership stake with Comcast's NBCUniversal.The decade-old Hulu service has 25 million subscribers, and is expected to lose about $1.5 billion this year. Disney expects it to break even by 2024, as it expands to new markets and grows its subscriber base to an estimated 40 to 60 million subscribers.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 394. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

AT&T sells Hulu stake, valuing the video streaming company at $15 billionHulu bought back AT&T's 9.5 percent stake in the entity for $1.43 billion, valuing the streaming company at $15 billion.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

AT&T Sheds Its Stake In Hulu For $1.43 Billion, Nearly Tripling InvestmentHulu is buying back AT&T's minority stake in the streaming service for $1.43 billion, the two companies said Monday.
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »

Stocks to open higher | AT&T sells Hulu stake | Notre Dame fire extinguishedStock futures are pointing to a strong Wall Street open, after losses by the major averages Monday.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »