Time Warner has acquired a ten-percent stake in Hulu, as part of an effort to bring Turner cable shows to the live-streaming TV service launching in 2017. While terms of the deal were not made public, Variety reports that “Time Warner is investing $583 million, implying Hulu is worth nearly $6 billion.” The media conglomerate joins Hulu’s existing owners Disney, 21st Century Fox, and Comcast.
