- Re/code, Wednesday, August 3, 2016 2:15 PM
Time Warner is shelling out about $580 million in exchange for a 10% stake in Hulu. “The deal means Time Warner will be partners with existing owners Disney, 21st Century Fox and Comcast’s
NBCUniversal, and that Time Warner’s channels like Turner and CNN will be part of a new pay TV service Hulu wants to launch next year,” Recode writes.
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