Hulu LLC, an online-streaming venture backed by the biggest companies in entertainment, bought out AT&T Inc.’s 9.5 percent stake in a deal worth about $1.43 billion. The accord, which values the whole entity at $15 billion, leaves the business with just a pair of owners: Walt Disney Co., which has majority control, and Comcast Corp.
Disney said last week that a Hulu price cut -- which lowered the cost of its entry-level, ad-supported version by 25 percent to $6 a month -- helped bring a surge of customers. The company also is considering an international rollout for Hulu.
With Disney in Control, Hulu Buys Out AT&T Stake for $1.4 Billion