At least two pay TV operators, including Time Warner Cable Inc. (NYSE:TWC) are planning to invest in Hulu, LLC as Hulu considers a range of strategic options, according to people familiar with the matter. It isn't clear how much Time Warner Cable is willing to pay and whether it is considering purchasing a minority stake in the site or an all-out acquisition. Hulu's current owners including News Corp. (NasdaqGS:NWSA); Comcast Corporation (NasdaqGS:CMCS.A) and The Walt Disney Company (NYSE:DIS) don't see the cable operator as the most likely buyer at the valuation it has signaled it would do the transaction, one of the people familiar with the matter said. The identity of the other pay TV operator isn't known. For regulatory reasons, Comcast can't vote its stake. News Corp and Disney have been at odds about the strategic direction for Hulu, and more recently the companies have been considering selling the site. Another option is for News Corp. or Disney to buy the other out. Former News Corp. President Peter Chernin's investment group has made an offer for Hulu, people familiar with the matter say. In addition, Guggenheim Partners, LLC and Yahoo! Inc. (NasdaqGS:YHOO) has shown interest in the site., people familiar with the situation said.

The Walt Disney Company reported consolidated unaudited earnings results for the second quarter and six months ended March 30, 2013. For the quarter, the company reported revenues of $10,554 million against $9,629 million a year ago. Income before income taxes was $2,275 million against $1,876 million a year ago. Higher operating income at the company's international operations reflects higher guest spending at Disneyland Paris and increased attendance at Hong Kong Disneyland Resort, partially offset by lower results from Tokyo Disney Resort, reflecting the absence of business interruption insurance proceeds that the company collected last year. Net income attributable to the company was $1,513 million or $0.83 per diluted share against $1,143 million or $0.63 per diluted share a year ago. For the six months, the company reported revenues of $21,895 million against $20,408 million a year ago. Income before income taxes was $4,303 million against $4,117 million a year ago. Net income attributable to the company was $2,895 million or $1.60 per diluted share against $2,607 million or $1.43 per diluted share a year ago. Cash provided by operations was $3,304 million against $3,546 million a year ago. Capital expenditures decreased from $2.1 billion to $1.1 billion driven by a decrease at Parks and Resorts due to the final progress payment in the prior-year period for the Disney Fantasy cruise ship. The company provided earnings guidance for the third quarter of 2013. For the quarter, the company expects an operating loss that is comparable to the loss in the second quarter due primarily to the shifting of the release date of the company’s Infinity game from third quarter to fourth quarter.

The Walt Disney Company and Electronic Arts Inc. announced a new multi-year exclusive licensing agreement to develop and publish globally new games based on Star Wars characters and storylines. Under the agreement, EA will develop and publish new Star Wars titles for a core gaming audience, spanning all interactive platforms and the most popular game genres, while Disney will retain certain rights to develop new titles within the mobile, social, tablet and online game categories.