Time Warner purchase ten per cent stake in streaming service Hulu - Licensing.biz

Time Warner purchase ten per cent stake in streaming service Hulu

Popular shows from Cartoon Network and Adult Swim will soon be heading to livestreaming.
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Popular shows from networks such as Cartoon Network, Adult Swim and TNT are making their way to Hulu’s new livestreaming service.

This week has seen Time Warner Cable purchase a ten per cent stake in the streaming service, meaning it will now join other companies such as Disney and Fox in the venture.

According to Polygon.com, Time Warner revealedthat as part of the minor acquisition, some of its most popular programming would be made available to stream live through Hulu, as well as live news from CNN.

A press release from the pair suggested that Time Warner and Hulu are now looking to bring more live content to the streaming service.

Jeff Bewkes, CEO of Time Warner, said: “The goal is to keep the feeling of traditional television alive while giving subscribers the ability to livestream their content as more and more people cut the cord.”

Hulu’s new livestreaming service I set to launch early next year.

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