Print 15 comment(s) - last by quiksilvr.. on Sep 26 at 9:52 AM

Hulu is still investing in content

Hulu CEO Jason Kilar has announced this week that Hulu now has a million paying subscribers on the streaming service. The million-subscriber mark was previously expected by the end of the year.

Hulu has been trying to 
sell itself to the highest bidder. Reports suggest that Google, Yahoo, Amazon, and Dish Network are in the early running to acquire the streaming service. The bids were expected to reach into the $2 billion range, but the bidding has now stalled. Hulu is said to now be considering whether the sale is the best option for the site.

News Corp Chief Operating Officer Chase Carey told Reuters at a conference, "We're still evaluating the situation."

Reuters reports that people that have been critical of the planned sale, and have been urging Hulu owners to keep the major distribution channel rather than sell to another firm. Hulu is a joint venture of News Corp, Walt Disney Co and NBC Universal. The fourth owner is Providence Equity Partners, a private equity firm.

Despite the owners considering the sale of Hulu, the company is still investing in content. Kilar said that Hulu would invest over $375 million in content this year.

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It would be nice.....
By Chaosforce on 9/22/2011 12:46:41 PM , Rating: 2
If you ask me Hulu plus would do better if they gave the wii a Hulu channel and improved the interface on things such as roku.

RE: It would be nice.....
By Mitch101 on 9/22/2011 12:54:53 PM , Rating: 2
If they are beating expectations they probably dont feel the need to change a thing.

Im waiting to see what Microsoft TV brings before end of year.

RE: It would be nice.....
By Master Kenobi on 9/22/2011 8:54:40 PM , Rating: 2
Given Microsoft's time with the X360 and their relationship with Netflix I'd say there is a good chance it will destroy competition from Hulu+ and similar sites. Hopefully they don't screw it up to high hell like Apple did with their Apple TV, that thing was a stillborn at launch.

"So, I think the same thing of the music industry. They can't say that they're losing money, you know what I'm saying. They just probably don't have the same surplus that they had." -- Wu-Tang Clan founder RZA
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