Trump's latest budget proposal includes cuts to the Corporation for Public Broadcasting. There have been claims that this would endanger funding to Sesame Street. However, Sesame Street moved off of PBS and onto HBO over a year ago, so is Sesame Street at any risk of losing funding?
Yes, Sesame Street does stand to lose some federal funding. However, it's important to realize that The Sesame Workshop (the Sesame Street rights holder) receives 31% of its funding (about $26 million) from all grant sources, which also includes corporate sponsorships and chartiable contributions from various foundations and private donors.
It's surprisingly hard to find out exactly how much of that money comes from the government, but consider that The Corporation for Public Broadcasting (the agency that distributes federal grant money) only spends about 7% of its $445 million budget (about $31 million) on PBS programming in general (of which only a portion goes to Sesame Street). The lion's share of CPB funding goes to the operational costs of local PBS stations, not to content.
The discussion about ending Sesame Street's federal funding is not new. According to the Weekly Standard, Congress pulled funding from Sesame Street in 1981 because it was obvious that the franchise was self-sufficient without taxpayer dollars. However, politics being what it is, that funding has slowly crept back in over the years.
Mitt Romney made some waves during his 2012 presidential campaign when he discussed ending funding for Sesame Street as well. It made even more sense back then, because according to NewsMax (citing a Forbes article which can't look up because I refuse to disable my ad-blocker for their egregiously invasive ad bots), the Sesame Street franchise was worth $515 million at the time -- bigger than SpongeBob, Batman, Spider Man, and Barbie.
Although Seasame Street receives funding from numerous sources, both public and private, it has been operating at a multi-million dollar loss since at least 2013, owing to falling DVD and toy sales. The licensing deal with HBO is worth about $4 million annually, which only accounts for about 10% of it's annual production budget (source: The Hollywood Reporter).
Losing federal funding right now would come at a particularly bad time for the show, but the franchise is still clearly worth a lot, and it's unclear exactly how much of an impact that federal money represents. It's likely a drop in the bucket of their $100+ million operating budget.