Hulu Could Sell Stake To Time Warner: Reports

(RTTNews) - Hulu is reportedly in talks with Time Warner Inc. to sell a stake in the company, in a deal that could value the online-video streaming service at about $5 billion.

According to a report from WSJ, the deal would make Time Warner a major share holder in Hulu, along with Walt Disney Co., 21st Century Fox and Comcast Corp. Each of the companies will hold 25 percent stake.

Under the terms of the deal, Time Warner will invest cash in Hulu and commit to license content to the streaming service beyond what it already has sold, the report said.

The latest deal will help Hulu's to compete with larger rival's Netflix Inc. and Amazon.com Inc.

In 2013, Hulu's owners sought to sell the popular video streaming service, but later dropped the plan. The three co-owners of Hulu-- Walt Disney, NBCUniversal and Rupert Murdoch's 21st Century Fox decided to invest $750 million to empower the company.