Hulu in Talks with Buyers
March 26, 2013 1:25 PM
comment(s) - last by
Disney and News Corp are trying to figure out what to do with their portions of the company
Hulu has been in talks with potential buyers lately, but there are no formal offers on the table quite yet.
Hulu's board of directors has been contacting potential buyers in an effort to sell the company, but it looks like there are no solid offers yet. It's also unclear how many buyers are
interested in the company
Hulu is a joint venture of NBC Universal Television Group (Comcast), Disney-ABC Television Group (The Walt Disney Company) and Fox Broadcasting Company (News Corp). Hulu was founded in March 2007, making it only six years old.
Currently, Disney and News Corp are trying to figure out what to do with their portions of the company. One option is to reportedly buy each other out.
A huge issue with Hulu is that it only has short-term contracts with content providers, meaning the buyer would have to work to renew these contracts or find other sources of content -- and this does not come cheap.
Hulu has some tough competition out there, such as Netflix and Amazon. The two have similar subscription-based models and have deep pockets to continue offering premium content at fairly low prices ($8 per month for Netflix or $79 per year with Amazon).
This article is over a month old, voting and posting comments is disabled
RE: What a Surprise!
3/26/2013 6:07:26 PM
Don't forget content no one wants to watch; hell most of it I had never heard of before.
RE: What a Surprise!
3/27/2013 4:44:46 PM
Not to mention that HULU+ should really have been called HULU- since you actually get less content by paying for it.
"Nowadays, security guys break the Mac every single day. Every single day, they come out with a total exploit, your machine can be taken over totally. I dare anybody to do that once a month on the Windows machine." -- Bill Gates
Hulu Plus Hits One Million Subscriber Mark Well Ahead of Schedule
September 22, 2011, 12:16 PM
Edward Snowden Presents Tech to Stop Government Spying
July 21, 2014, 12:00 PM
Verizon FiOS Network Upgrade Brings Symmetrical Upload/Download Speeds
July 21, 2014, 8:33 AM
Amazon Launches First Fire Phone TV Spot, Spends 30 Seconds Promoting Prime
July 18, 2014, 11:17 AM
Samsung Continues to Pick on Apple's iPad in Two New Commercials
July 13, 2014, 5:35 PM
Despite Legal Threats Google Begins Posting Warnings of ISP Throttling
July 7, 2014, 5:52 PM
Russia Introduces Bill to Keep Citizens' Data Within the Country
July 3, 2014, 2:34 PM
Most Popular Articles
Quick Note: Nokia Devices Now Receiving Windows Phone 8.1 Update
July 15, 2014, 10:42 AM
Microsoft Kills Entertainment Unit, May Shelve Flagship Lumia "McLaren"
July 18, 2014, 7:40 PM
Boeing 777 Malaysian Airlines Flight 17 Crashes in Ukraine
July 17, 2014, 1:00 PM
Tesla Confirms “Model III” EV with 200+ Mile Range, Blames Ford for Missed "SEX"
July 15, 2014, 9:12 PM
FBI Report Suggests That Self-Driving Cars Could Be Used as Rolling Bombs
July 16, 2014, 11:02 AM
Latest Blog Posts
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
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
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information