Hulu to Receive As Many As 5 First-Round Bids
September 5, 2011 10:58 AM
comment(s) - last by
Google, Yahoo, Amazon and DISH Network are all preparing bids for the acquisition of Hulu
Among those who have prepared bids for Hulu are Google, Yahoo, Amazon and DISH Network
We learned just a few months ago that Hulu had placed a "for sale" sign on its store window, and now, the video streaming subscription service site is to receive about five
Earlier this year, Hulu, which is owned by Walt Disney Co., News Corp., Comcast Corp. and Providence Equity Partners Inc., was working to renew licensing agreements in order to increase its value on the open market. In June, Fox Broadcasting Co. renewed its licensing agreement, which brought shows like "Family Guy," "Glee," and "The Simpsons" back to Hulu. With such agreements in its back pocket, Hulu had something to offer subscribers and could finally have a shot at attracting a buyer.
went up for sale
in late June, almost immediately after
Yahoo approached Hulu
about a possible acquisition, yet Hulu wasn't ready to sell at that point.
Now, Hulu is to receive as many as five first-round bids where each offer included terms for programming rights. Bid prices are still unclear, but the
Wall Street Journal
expects that bids will range between $500 million and $2 billion.
Among those who have prepared bids for Hulu are Google, Yahoo, Amazon and DISH Network.
Hulu's owners will grant the winner five years of rights to TV shows, which includes two years of exclusivity. According to Chase Carey, chief operating officer of News Corp., the sale process is trucking alone right on schedule.
"We'll see where it ultimately ends up," said Carey. "For us, it's still a decision to see what it looks like at the end, and does it make sense to pursue that path, or does it make sense for us to stay in an ownership position and continue to have it driven by content owners."
It's tough for video streaming services to compete in a very Netflix-driven world, but with recent issues like Netflix's
subscription price hikes
of the satellite TV channel Starz (which is supposedly going to release its movies through contractual negotiations with DISH's Blockbuster streaming movie service), new competitors could give Netflix a run for its money.
This article is over a month old, voting and posting comments is disabled
9/6/2011 11:03:22 AM
Google is the absolute most ADHD company I have ever seen. They get into
, and not just internet related stuff. They have cars that drive themselves, a major phone OS, and GPS location and mapping services.
I can't imagine that this isn't in their target area. Their target area seems to be anything in this reality.
"A lot of people pay zero for the cellphone ... That's what it's worth." -- Apple Chief Operating Officer Timothy Cook
Starz Drops Bomb on Netflix -- Says It Won't Renew Distribution Deal in February
September 1, 2011, 9:36 PM
Netflix Explains Why it Raised Prices
July 18, 2011, 9:30 AM
Yahoo Approaches Hulu; Hulu Unsure About Selling
June 22, 2011, 11:45 AM
Google Street View and reCAPTCHA Get Smarter with New Algorithm
April 17, 2014, 9:02 AM
Mt. Gox CEO Refuses to Come to the U.S. in Financial Crimes Probe
April 16, 2014, 3:50 PM
Mark Zuckerberg: Facebook Home Reception Slower than Expected, Social Graph Will Pick Up
April 16, 2014, 2:00 PM
FBI's Facial Recognition Database to Have 52 Million Criminal, Non-Criminal Photos by 2015
April 15, 2014, 2:56 PM
Microsoft's Anti-Google "Scroogled" Campaign May Have Ended
April 15, 2014, 2:44 PM
FAA Requiring All Flights to Have GPS Tracking System by 2020
April 15, 2014, 1:25 PM
Most Popular Articles
Cities to Carpoolers: Sharing Your Car is Illegal, We Will Seize Your Cars
April 4, 2014, 9:17 PM
Taiwan's AOU Claims to Have World's Highest-Res. OLED Smartphone Display
April 11, 2014, 1:44 PM
iPad Exploiter is Freed by Federal Appeals Court
April 11, 2014, 7:40 PM
It's Very Likely Neanderthals and Humans Had Sex, Produced Offspring
April 10, 2014, 8:40 PM
A-10 Warthog May Live to Fight Another Day with Support from Lawmakers
April 14, 2014, 9:41 AM
Latest Blog Posts
Facebook Aims to Provide Internet to "Every Person in the World" with Drones, Satellites
Apr 1, 2014, 10:20 AM
Retail Mobile Sites Experience Outages in Light of Simplexity's Bankruptcy
Mar 14, 2014, 8:48 AM
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information