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MarketScreener Homepage  >  Equities  >  Nyse  >  AT&T    T

AT&T

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Delayed Quote. Delayed Nyse - 04/24 04:02:06 pm
30.79 USD   -4.08%
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AT&T : Disney, Comcast now Hulu's only owners as AT&T exits

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04/15/2019 | 06:10pm EDT

NEW YORK (AP) — AT&T has sold its 9.5% share in Hulu back to the streaming TV company, leaving Disney and Comcast as its owners.

Hulu said Monday that AT&T sold its stake for $1.43 billion, valuing the unprofitable Hulu at $15 billion.

The Walt Disney Co. wound up with a 60% share after its purchase of much of 21st Century Fox, which included Fox's Hulu stake. NBCUniversal parent Comcast Corp. owns 30%. There is speculation that Comcast will sell too, leaving Disney the sole owner and perhaps making Hulu's content much more Disney-centric.

Disney may bundle Hulu with its upcoming kids-focused streaming service, Disney Plus, and its sports service, ESPN Plus, executives said last week.

Hulu's $6-a-month service lets users watch original series and network TV episodes after they air on TV. It has a newer live-TV service that costs $45 a month.

AT&T came by its Hulu stake after buying Time Warner, which invested $583 million in Hulu in 2016. Now the company, known as WarnerMedia, is launching its own streaming service later this year, which will focus on HBO and other shows and movies owned by the company.

NBCUniversal, too, will debut a streaming service in 2020.

The fragmentation of streaming services may mean higher costs for consumers as they hunt down all their favorite shows and movies across different services.

Hulu CEO Randy Freer said in a statement that AT&T's WarnerMedia, which provides content to Hulu, will remain "a valued partner."

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

Stocks mentioned in the article
ChangeLast1st jan.
AT&T -4.08% 30.79 Delayed Quote.7.88%
COMCAST CORPORATION -0.33% 41.85 Delayed Quote.22.91%
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Financials ($)
Sales 2019 184 B
EBIT 2019 38 844 M
Net income 2019 19 896 M
Debt 2019 158 B
Yield 2019 6,38%
P/E ratio 2019 12,51
P/E ratio 2020 11,70
EV / Sales 2019 2,13x
EV / Sales 2020 2,07x
Capitalization 234 B
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 33,9 $
Spread / Average Target 5,7%
EPS Revisions
Managers
NameTitle
Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens CFO, Principal Accounting Officer & Senior EVP
Joyce M. Roché Independent Director
Laura D'Andrea Tyson Independent Director
Matthew K. Rose Lead Independent Director
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