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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.



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