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
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.
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
quote: Why would I pay for [Cable or Satellite] if I still get commercials?