FIRST AIRED: April 16, 2019

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00:00:00
the rise for Hulu entertainment streaming services behind shows like the handmaid's tale and council rock earned a valuation of fifteen billion dollars Tuesday it did so when it shelled out one point four billion dollars to buy back eighteen tease nine and a half percent stake in the company that's quite a leap given that it was last value to just under five point eight billion when Time Warner bought that stake in twenty sixteen eighteen T. inherited that want to buy Time Warner you'll use the proceeds to shrink its huge debt eighteen and he plans to launch its own subscription streaming video service later this year AT and T. sale gives Disney more control of who is the owner sixty percent stake in Hulu rival Comcast has thirty percent Disney will rely on Hulu to bolster its offerings of mature programming as launches its streaming service Disney plus thanks for the great family friendly films and he shows ESPN Star Wars and Marvel stable of super heroes but even at fifteen billion who is still worth one tenth that of the Goliath of the industry Netflix investors have driven up shares of Netflix thirty percent this year it releases its earnings after the market close on Tuesday