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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 on May 17, 2013 at 02:29 pm CDT - 0 mins, 50 secs reading time

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."

Time Warner Cable has its eye on Hulu, may buy into the service | TweakTown.com

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."

Last updated: Nov 30, -0001 at 12:00 am CST

Charles Gantt

ABOUT THE AUTHOR - Charles Gantt

A web developer by day, Charles comes to TweakTown after a short break from the Tech Journalism world. Formerly the Editor in Chief at TheBestCaseScenario, he now writes Maker and DIY content. Charles is a self proclaimed Maker of Things and is a major supporter of the Maker movement. In his free time, Charles likes to build just about anything, with past projects ranging from custom PC cooling control systems to 3D printers. Other expensive addictions include Photography, Astronomy and Home Automation.

NEWS SOURCES:bgr.com, bloomberg.com

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