30 Nov AT&T May Sell 10% Stake in Hulu, Worth Up to $930 Million, Potentially Giving Disney More Control [Variety]
BY TODD SPANGLER
November 30, 2018 |Disney might be set to gain even more control over Hulu: AT&T said it is considering selling WarnerMedia’s 10% stake in the streaming venture — which is worth as much as $930 million — as part of shedding nonstrategic assets to pay down its massive debt load.
AT&T execs made the comments at the telco’s investor day briefing Thursday. It’s potentially looking to shed its Hulu minority stake as WarnerMedia gears up to launch its own subscription VOD service. AT&T said the new SVOD service, set to debut in the fourth quarter of 2019, will include three service tiers: one focused on movies; one with movies plus original programming; and a third tier comprising content from the first two along with WarnerMedia library content and licensed programming. Read more