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Hulu’s New Live-Streaming Service Signs Key Networks; Service Seen as ‘Major Player’ in 2017

Nov 1, 2016  •  Post A Comment

In deals that will add more than 35 TV networks to Hulu’s new live TV streaming service, Walt Disney Co. and 21st Century Fox have signed on with the service, Fortune reports.

The latest deals add key networks including ABC, Fox and ESPN, ensuring that the Hulu offering will be a major player — and “further upending the traditional TV landscape,” Fortune says.

The deals follow a pact with Time Warner that brought CNN, TBS, TNT and other key outlets into the fold. Time Warner agreed in August to buy a 10% stake in Hulu for $583 million, the report notes. Disney, 21st Century Fox and NBCUniversal each own a 30% stake.

Hulu has confirmed that it will offer a live programming package next year, with the price reportedly to be about $40 a month. Hulu describes the package as a complement to its current on-demand service.

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