{"id":70763,"date":"2016-08-03T11:21:56","date_gmt":"2016-08-03T15:21:56","guid":{"rendered":"http:\/\/techvibes.com\/?p=70763"},"modified":"2016-08-03T11:21:56","modified_gmt":"2016-08-03T15:21:56","slug":"time-warner-acquire-hulu","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/time-warner-acquire-hulu","title":{"rendered":"Cable Giant Time Warner to Acquire Stake in Netflix Competitor Hulu"},"content":{"rendered":"<p>Time Warner is buying a stake in Hulu. The cable giant is acquiring 10% of the video streaming service for $583 million, Time Warner&#8217;s chief financial officer revealed during the company\u2019s earnings call this morning.<\/p>\n<p>This expands Time Warner&#8217;s content distribution and helps the company reach a younger audience that is less interested in subscribing to traditional cable. Walt Disney Co, 21st Century Fox, and Comcast are also shareholders in Hulu.<\/p>\n<p>https:\/\/borndigital.com\/2016\/07\/18\/best-alternatives-to-television<\/p>\n<p>Time Warner&#8217;s quarterly profit hovers in the range of $1 billion, but Hulu, sources suggest, is not profitable. Even so, the cable giant raised its financial forecast for the year based on optimism surrounding the acquisition, and investors agree: the company&#8217;s stock is up 4%.<\/p>\n<p>https:\/\/borndigital.com\/2016\/06\/05\/netflix-cable-2016-06-02<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Time Warner is buying a stake in Hulu. The cable giant is acquiring 10% of the video streaming service for $583 million, Time Warner&#8217;s chief financial officer revealed during the company\u2019s earnings call this morning. This expands Time Warner&#8217;s content distribution and helps the company reach a younger audience that is less interested in subscribing [&hellip;]<\/p>\n","protected":false},"author":55555,"featured_media":70765,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-70763","magazine","type-magazine","status-publish","has-post-thumbnail","hentry","category-News"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/70763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/55555"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/70763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/70765"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=70763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=70763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=70763"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=70763"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=70763"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=70763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}