backtop


Print

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). 

Source: Reuters





"My sex life is pretty good" -- Steve Jobs' random musings during the 2010 D8 conference
Related Articles



Latest Headlines
Google Pixel 2XL will reportedly cost less.
September 20, 2017, 6:17 AM
IFA Berlin 2017 Tech Show
August 25, 2017, 6:13 AM
Two great updates from Google
August 20, 2017, 6:42 AM
Sony’s 4K OLED Smart TV
August 13, 2017, 6:20 AM



Most Popular Articles2nd Generation August Smart Lock – Now with Apple HomeKit Features
September 18, 2017, 7:00 AM
iSO 11 is Almost Ready:
September 19, 2017, 7:48 AM
Intel Coffee Lake release date
September 10, 2017, 6:07 AM
iOS 11 Arrives in 2 Days – Here is What You Get.
September 17, 2017, 6:59 AM
We will Get 5G Phones in 2019
September 19, 2017, 6:49 AM

Latest Blog Posts






botimage
Copyright 2017 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki