Even if you cut the cord with Netflix, Hulu, HBO Go and others all vying for your dollars, it can feel like death by 1,000 video subscriptions.
Hulu has repurchased AT&T’s 9.5% stake in the business for $1.43 billion, giving the streaming company a valuation of $15 billion.
The transaction, announced on Monday, signifies that Hulu continues to achieve reputation, at the same time as the marketplace for over-the-top content material turns into more and more crowded. The valuation is an enormous step up from November, when Disney mentioned in a regulatory submitting that the corporate was price $9.26 billion.
Hulu is owned by a bunch of media firms, together with CNBC guardian Comcast and Disney, which now controls Fox.
AT&T mentioned it can use proceeds of the transaction to scale back its debt. AT&T bought Time Warner final yr, giving the corporate possession of HBO, which has its personal streaming choices.
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