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Time Warner Cable has its eye on Hulu, may buy into the service

Time Warner Cable looking to buy 33% equity stake in Hulu

By: Charles Gantt from May 17, 2013 @ 14:29 CDT

Time Warner Cable (TWC) has in the past mentioned that it would like its own Aereo-like service and we may have just figured out how they plan to reach that goal. Bloomberg is reporting that TWC is considering buying a major equity stake in Hulu so that they "could offer Hulu to its customers as a bundled service inside and outside of the home with its current products."

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This would allow TWC customers to watch their favorite shows on Hulu without having to purchase a Hulu Plus subscription package. The deal would see Time Warner Cable taking a 33 percent stake in Hulu with the other 67 percent being held by Disney, Comcast and News Corp.

Glenn Britt, CEO of Time Warner Cable, said that this move would offer TWC customers more value and would fill a void in the industry where cable customers need more flexibility. He said that he wants to offer customers "smaller, more affordable packages that don't cost them upward of $100 a month."

NEWS SOURCES:bgr.com, bloomberg.com