According to a Reuters report, which cites unnamed sources, the two have now ended discussions over Time Warner Cable taking a 25% stake in the business. Though talks may resume, none are planned for now, the report said.
Negotiations reportedly starting earlier this month after Hulu’s owners Disney, 21st Century Fox and Comcast scrapped plans to sell the full site, deciding instead to recapitalise the business.
Hulu’s owners revealed in mid-July they had decided against selling Hulu its the remaining bidders at auction, DirecTV or AT&T and the Chernin Group, for around US$1 billion (€1.2 billion). Instead, they pledged to put US$750 million in new funding into the business “in order to propel future growth.”
DTVE: the week in view – How European media groups are adapting to the OTT present in 2021 digitaltveurope.com/comment/how-eu… https://t.co/cvkbTAteUq
09 May 2021 @ 19:00:00 UTC
ICYMI: AMC Networks hit by advertising and distribution falls, but US streaming grows digitaltveurope.com/2021/05/07/amc… https://t.co/BCfC9Td3HF
09 May 2021 @ 18:00:01 UTC
DTVE: the week in view – How European media groups are adapting to the OTT present in 2021 digitaltveurope.com/comment/how-eu… https://t.co/ABE4JyK2ub
08 May 2021 @ 14:30:00 UTC