Some of the most popular shows on networks like the Cartoon Network, Adult Swim, TNT and live programming from CNN are headed to Hulu’s new livestreaming service.
On Wednesday, Time Warner Cable announced that it had purchased a 10 percent stake in streaming service Hulu, joining other companies like Disney, Fox and Comcast in the joint venture. As part of the minor acquisition, Time Warner announced that some of its most popular programming would be made available to stream live through Hulu for the first time, as well as live news from CNN.
Rumors of Time Warner’s interest in the streaming service were first reported back in February, with allegations that the television empire was looking to get rid of Hulu’s ability to stream next-day content. In a press release, neither Hulu or Time Warner said there were plans to nix next-day programming, which allowed certain shows to be accessed 24 hours after airing on television. Instead, Time Warner and Hulu are looking to bring more live content to the streaming service. It remains unclear if that will be an entirely new service or an extension of Hulu’s current form.
The new livestreaming service will give subscribers the option to watch either an ad-enabled or ad-disabled version of shows. Time Warner CEO and Chairman, Jeff Bewkes, said the goal is to keep the feeling of traditional television alive while giving subscribers the ability to livestream their content as more and more people cut the cord.
Mike Hopkins, CEO of Hulu, said that the partnership with Time Warner will be most notable to subscribers when their livestreaming service launches. Both news programming and original content from each of Time Warner’s networks will be made available to watch live at the same time the shows air on regular television.
Hulu’s new livestreaming service is set to launch early next year.