Time Warner taking 10 per cent stake in Hulu

NEW YORK, N.Y. – Time Warner is taking a 10 per cent stake in streaming television service Hulu.

Other equity stakeholders already include Walt Disney Co., 21st Century Fox and Comcast’s NBC Universal.

In addition, networks such as TNT, TBS, CNN and Cartoon Network will be available live and on-demand on the live-streaming service that Hulu’s expected to launch next year.

Streaming services are trying to create alternatives to traditional pay-TV packages to appeal to a growing number...

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