The Wall Street Journal reports that Time Warner is reportedly looking to buy 25% of Hulu's stock in an attempt to prevent the service from being able to stream current seasons of network and premium television.
The move is being done because the an American cable telecommunications company is worried that having access to next-day streaming will accelerate cord-cutting around the country, something that has become much more viable thanks to the various streaming services and devices like the Apple TV.
However, the WSJ also indicates that it’s not a condition for its investment. Even if they do purchase that equity share, they may not force Hulu to get rid of next-day streaming, the article adds.
When it comes to Time Warner, there are rumors that Apple wants to buy it. The isn’t actually for sale (yet), but, according to the New York Post, Apple is a potential buyer. Why? An unnamed “senior tech insider” told the Post that the media company’s assets could ease the launch of a stand-alone streaming TV service.”