Back to the complete issue
Friday, 5 August 2016

Time Warner to be part of Hulu’s reinvention

Time Warner has bought a 10% stake in the streaming television service Hulu, paying USD 583 mn in cash and valuing the firm at USD 5.8 bn, the New York Times reported on Wednesday. The media conglomerate joins 21st Century Fox, Comcast and the Walt Disney Company in paving a new future for Hulu, which is now set to offer “both live and recorded programming from a streamlined bundle of broadcast and cable channels.” Traditional media companies are trying to cash in on the current boom in digital television, mainly helmed by Netflix and Amazon. “Hulu is locked in a fierce battle for content with far larger Netflix and a far better funded Amazon, with Hulu’s subbase not scaling as rapidly as we would expect based on its content investments,” BTG Research analyst Richard Greenfield said. Time Warner’s TNT, TBS and CNN are set to be available live on Hulu’s new live-streaming service.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.