backtop

Print 7 comment(s) - last by Blauhung.. on Aug 23 at 3:59 AM

Hulu Plus app for the iPhone
IPO could grab $2 billion for Hulu

Streaming TV shows and movies have become very popular over the past few years with offerings like Hulu and Netflix growing by leaps and bounds. Hulu has been streaming TV shows from some of the major networks in the U.S. and is currently in talks with CBS to bring the final major network to its offerings.

Hulu is set to go public according to the New York Times, with an IPO that could reportedly net Hulu as much as $2 billion. The IPO could happen as early as this fall according to sources closes to the company. Major shareholders in Hulu include NBC Universal, News Corp, and Walt Disney Co. 

Hulu generated about $100 million in revenue last year and is on track to hit that number again for 2010. Hulu's earnings will grow significantly when its subscription services fully launches. The subscription offering is perhaps where the CBS content will be offered and is set at $9.99 monthly. The free offerings that Hulu fans have been using since the service debuted will continue to be offered. 

The benefits to the paid service, called Hulu Plus, include support for gaming consoles (Xbox 360, PlayStation 3) and greater access to archived content. The Hulu Plus service also adds streaming to mobile devices like the iPhone and iPad.

There is no official statement from Hulu at this time on the IPO.

Comments     Threshold


This article is over a month old, voting and posting comments is disabled
how many people will go for this?
By Gul Westfale on 8/16/2010 9:40:32 AM , Rating: 2
quote:
all the boys upstairs wanna see
how much you'd pay for what you used to get for free

- Tom Petty




By Shatbot on 8/16/2010 9:48:20 AM , Rating: 2
A: Just shy of $10


By PAPutzback on 8/16/2010 9:51:07 AM , Rating: 2
I tried it and when I looked up "The Good Guys" it would only let me access to the last 5 episodes. I wanted to start at the beginning.

Netflix already has the system in place. I wonder why they didn't go after this market, or would that have been a "Monopoly" flag for the FCC to throw a fit about and start talking lawsuits.


By Silverel on 8/16/2010 1:00:13 PM , Rating: 2
Hulu is my replacement for TV. I'm happy to pay 10$ for a huge selection of shows (the archive is quite large) and cut out 50$ of cable TV that I probably wouldn't watch anyway. My hope is that other networks make the jump to Hulu so the selection will expand. As it stands right now I subscribe to 21 shows, and I've been watching past seasons of shows that I've missed.

It's worth it in the sense that it gives me so much I feel like I should be paying for it anyway. I have no issues whatsoever with paying for something I feel deserves it. Hulu basic does, and Hulu+ definitely does.


Commercials?
By Zaranthos on 8/16/2010 10:57:38 AM , Rating: 2
If you pay does that remove all the nasty commercials? Hulu has gone crazy with commercials compared to when it started. I just got Netflix and it's really nice to get away from all those extra advertisements.




RE: Commercials?
By stirfry213 on 8/16/2010 12:16:36 PM , Rating: 2
The word is... No!

The Hulu Plus service does not remove any commercials. The only benefit as of now of paying $9.95 a month is you can stream it to your Apple devices and access of archived content. There will be no new content added for this price at this time.

Of course, this is all subject to change. I love Hulu, and I'd be willing to pay $10-20 a month if they offered the appropriate amount of content. As it sits now, I'm willing to pay ZERO for what they are offering.

I can easily download or watch on the major networks websites what Hulu is trying to charge for.


RE: Commercials?
By Blauhung on 8/23/2010 3:59:24 AM , Rating: 2
exactly!

I have absolutely no issues with watching commercials with the free service.

If they expect me to pay them, i expect them to provide me with whatever i want to watch, and not have to sit through the same # of adds.


"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007











botimage
Copyright 2012 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki