Time Warner Takes Ten Percent Stake In Hulu

Time Warner has taken a 10 percent stake in Los Angeles-based streaming television service Hulu, the companies said this morning, and also has inked a deal to add TNT, TBS, CNN, Cartoon Network, Adult Swim, truTV, Boomerang and Turner Classic Movies to Hulu's new, upcoming live streaming service. Financial details of the investment were not announced. Time Warner joins current investors The Walt Disney Company, 21st Century Fox, and Comcast in the joint venture.