Hulu hulu hulu…where are you?
admin | June 22, 2011 | 11:43 am
Video streaming site Hulu may be up for grabs following an anonymous bid placed for the service.
Whilst sources have not been able to reveal the buyer’s identity, CNBC’s Jolua Boorstin has claimed that it’s not Google. No information has been given in relation to discussions, with WSJ reporting that Hulu themselves have not even decided on whether or not they want to sell.
The issue surrounding the sale is Hulu’s reliance on content from News Corp. (who own Fox), Walt Disney (who own ABC), as well as NBC Universal (an affiliate of GE and Comcast). These companies all have an equity stake in the video site and the approval of any sale is up to them. Should one of the three businesses reject the offer and retract their content from Hulu, then the value could be seriously impacted.
Hulu has tried a variety of methods to keep interest in the service alive, such as offering the Hulu Plus premium subscription – but there are plans to provide more original programmes.
It was reported that Hulu were to accept a $2 billion initial public offering (IPO), but had to decline due to issues with the networks. Hulu are currently the world’s second largest online video service, with YouTube ranking top position.















