Hulu is an American entertainment company that provides "over-the-top media services". It is primarily oriented towards instant streaming of television series, carrying current and past episodes of many series from its owners' respective television networks and other content partners. Hulu is owned by Hulu LLC, a joint venture between The Walt Disney Company and Comcast. Through the acquisition of 21st Century Fox, Disney acquired Fox's partial ownership, giving it a 60% stake when the deal closed on March 20, 2019, vs. 30% for Comcast. AT&T formerly owned a 10% stake in Hulu via its WarnerMedia subsidiary, but sold that stake back to Hulu in April 2019. Disney and Comcast haven't yet announced how they will allocate the former AT&T shares between them.
According to Gizmodo.com, both Hulu and Netflix have released documentaries on the Fyre Festival fiasco. Both streaming companies have face controversy from their individual film. In fact, both of them..
Hulu has bought back wireless carrier AT&T Inc's stake in the U.S. entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion, the two companies said on Monday. Reuters - Published