Media owners keep Hulu website, may bring in partners
LOS ANGELES (REUTERS) - Walt Disney Co, Twenty-First Century Fox Inc and Comcast Corp's NBCUniversal said on Friday they decided to keep their video streaming website, Hulu, and will invest US$750 million (S$947 million) to help it grow.
Hulu's owners are still talking to companies that could become partners for the service, a source with knowledge of the discussions said. One is Time Warner Cable Inc, which had offered to make an equity investment in Hulu, two sources told Reuters. The role of future partners has not been determined.
Time Warner Cable spokesman Justin Venech had no comment.
Disney spokesman Kevin Brockman and Fox spokesman Dan Berger had no comment beyond the companies' statement.