NEW YORK (AP) — AT&T has sold its 9.5% share in Hulu back to the streaming TV company, leaving Disney and Comcast as its sole owners.

Hulu said Monday that AT&T sold its stake for $1.43 billion, valuing Hulu at $15 billion. AT&T came by its stake after buying Time Warner, which invested $583 million in Hulu in 2016.

The Walt Disney Co. wound up with a 60% share after buying much of 21st Century Fox. NBCUniversal parent Comcast Corp. owns 30%.

Hulu CEO Randy Freer says in a statement that AT&T's WarnerMedia, which provides content to the service, will remain "a valued partner."

Hulu's $6-a-month service lets users watch original series and network TV episodes after they air on TV. It has a newer live-TV service that costs $45 a month.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.