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Time Warner Grabs Piece of Hulu Setting Up Premium Skinny Bundle

Time Warner (TWX) acquired a 10% stake in Hulu, the subscription video platform owned by Walt Disney (DIS) , 21st Century Fox (FOXA) and Comcast's (CMCSA) NBCUniversal, laying the groundwork for a formidable skinny bundle.

The deal will afford Time Warner the opportunity to include TNT, TBS, CNN, Cartoon Network, Adult Swim, truTV, Boomerang and Turner Classic Movies in Hulu's new live-streaming service, which the company expects to start early next year.

The announcement heightens expectations that whatever Hulu...