Caught off-guard: The folks that run Time Warner are getting very nervous that audiences are abandoning pay TV for Internet TV faster than expected.
NEW YORK: Time Warner's willingness to serve as sous-chef in Hulu's crowded kitchen could keep the broth from spoiling.
The digital-TV service will get US$580mil (RM2.34bil) from the US media conglomerate and fresh programmes from its TNT and CNN networks. Notably, however, Time Warner will hold a smaller stake in Hulu and refrain from joining a board already crowded by rivals Walt Disney, Twenty-First Century Fox and Comcast.
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