In another win for cable cord-cutters, Time Warner has become the latest media company to invest in streaming service Hulu.
The move could boost the viability of an online TV service that Hulu is expected to launch next year as an alternative to cable TV.
Sony and Dish already operate online TV services, while Apple has expressed interest in one, according to published reports. None of those companies, however, have the networks themselves as full partners or owners the way Hulu does.
Time Warner Inc., which owns HBO, TNT and TBS, took a 10 percent stake in Hulu for $583 million in another step blurring the lines separating cable TV from internet video services.
Hulu’s other stakeholders already include the parent companies of ABC, Fox and NBC – Walt Disney Co., 21st Century Fox and Comcast’s NBCUniversal.
Time Warner said Wednesday that its networks – including TNT, TBS, CNN, Cartoon Network, Adult Swim, truTV, Boomerang and Turner Classic Movies – will be available live and on-demand as part of Hulu’s upcoming online TV service.
See more at: http://www.vindy.com/news/2016/aug/04/time-warner-cable-invests-in-hulu-servic/
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