Time Warner buys 10% stake in Hulu

However, these will be added to Hulu's new live streaming service that is expected to launch next year and not the existing Hulu platform. Netflix has more than 83 million members globally, while Amazon Prime, which includes a video service but does not publicly reveal a subscriber count, is estimated to have more than 54 million members.

Still, anything that gives any of the streaming platforms the wherewithal to create more original programming is a boon to the consumer (as well as to those of us in the entertainment industry) so this is definitely welcome news.

The company did not mention how HBO might fit in with either offering.

Latest Democratic Email Scandal Outed by Russian Hackers
Seth Alexander of Gainesville, Florida, who was wearing a Sanders T-shirt, started a "Shame!" chant as Wasserman Schultz spoke. While her ouster was a major victory for Sanders , it wasn't enough to ease the frustration of his supporters.

With its investment in Hulu, Time Warner joins Walt Disney Co., 21st Century Fox, and Comcast, which also already own stakes in Hulu. Hulu will stream TNT, CNN Cartoon Network and other Turner Networks on demand and live on its new live streaming service that's set to launch next year.

Hulu will bow a new cable streaming service in coming months that's created to appeal to cord cutters or shavers, the people who have canceled or drastically reduced cable subscriptions to save money. Meanwhile, Sling TV said Wednesday they will offer NFL Network and NFL RedZone in time for the NFL season this fall, following a similar move by PlayStations Vue in July.

In another win for cable cord-cutters, Time Warner has become the latest media company to invest in streaming service Hulu. Speaking today alongside Time Warner CEO Jeff Bewkes during the company's second-quarter earnings call, HBO CEO Richard Plepler said his unit has had "constructive conversations" about including HBO in the live Hulu, as well.

Lea Michele: 'I love myself, flaws and all'
Michele paid tribute to Monteith , her late boyfriend and Glee co-star, by getting his Glee character's name, Finn , tattooed. Michele says she makes "some macaroni cheese, calls my mom, pours a glass of red wine and watches some reality television".

Time Warner shares (TWX) are rising by 3.7% to $78.58 in early-day trade, nearing its best levels of the year of $79.24, achieved back on July 15. And total revenue for the quarter fell by 5%, to $7 billion. The cable provider earned $1.29 per share on an adjusted basis, up 4 cents from a year-ago and higher than the $1.16 EPS analyst were expecting, according to a Thomson Reuters survey.

The company also raised its full-year earnings forecast to $5.35-$5.45 per share, up from $5.30-$5.40.

Rain postpones Sprint Cup race at Pocono until Monday
This week, they will buckle up and compete on Pocono Raceway's 2.5 mile tri-oval known as the "Tricky Triangle". Gordon is racing for Dale Earnhardt Jr., who is suffering from concussion-like symptoms.

Like this


05 August 2016
Another problem for oil: Summer gasoline demand disappointed, says analyst
Supplies rose to 521.1 million barrels through July 22, keeping them more than 100 million barrels above the five-year average. Trade group American Petroleum Institute ( API ) said yesterday that U.S. oil stockpiles fell 1.34m barrels last week.

03 August 2016
Clinton raises $63 million for campaign
John McCain , a former prisoner of war, said Trump did not have "unfettered license to defame those who are the best among us". But when asked about Khizr Khan on Fox News Channel's "Hannity", Trump responded, "I guess it's part of my life".

02 August 2016
Mets acquire NL RBIs leader Jay Bruce from Reds
At 29, a strong finish to the season, with the Reds or someone else, could set him up for a big contract not too far from now. The Mets traded Niese to Pittsburgh last season for Neil Walker but he pitched his way out of the rotation with the Pirates.

02 August 2016
Lutto nel mondo dello spettacolo, è morta l'attrice Anna Marchesini
Alla funzione privata presenti i due amici e colleghi Massimo Lopez e Tullio Soleghi, con i quali Marchesini ha composto lo storico " Trio ".

02 August 2016
Registered Developers Can Now Download iOS 10 Beta 4 From Apple
More than one hundred new and redesigned emoji characters will be available to iPhone and iPad users this Fall with iOS 10. The company is expected to release final versions of most of these betas to the public later this year.

02 August 2016
Matt Damon's "Jason Bourne" takes 1st spot at box office
In this latest installment, Bourne finally gets his memory back, but he still doesn't have the whole picture. The seemingly strong return of the " Bourne " franchise with "Jason Bourne" doesn't disprove that.

02 August 2016
Yankees Send Carlos Beltran to Texas in Bronx Rebuilding Effort
Highers-up in the organization do not want to make a deal with the Red Sox to help a division rival, according to Jon Heyman . Beltran, a switch-hitter, is batting.304 with an.890 OPS, 21 doubles and 22 homers in 99 games for NY .

01 August 2016
Chelsea Clinton: Things you may not know
Trump graduated from her father's alma mater, the University of Pennsylvania's prestigious business school. Chelsea agreed: "I don't think so, so I'm definitely voting for 'first gentleman'".

01 August 2016
Indians acquire Andrew Miller from Yankees
In AA this season, he had a. 276 average with a. 825 OPS, 13 homers, 48 RBI and 13 steals. "He's an electric bat, " Cashman said. At some point, he'll sit with manager Terry Francona and relievers Bryan Shaw and Cody Allen to determine each pitcher's usage.

01 August 2016
Australia team safe after Rio Olympic Village fire evacuation
There are expected to be 85,000 military personnel and police across the city, double the number on the streets in London in 2012. The IWF said the doping results produced by Russian weightlifters are "extremely shocking and disappointing".