Printed from http://www.electronista.com

Disney chief says Hulu committed to selling itself

updated 03:35 pm EDT, Wed July 6, 2011

No time frame given for sale

For the past few weeks, rumors have swirled around the possible sale of Hulu. Today, Disney CEO Bob Igor confirmed that Disney, NBCUniversal and News Corp., the TV streaming service's owners are indeed looking to sell off. Igor declined to provide a timeframe for a deal or to hint who might be the acquirer.

There is no shortage of rumored potential buyers. Stories started to air in late June that Hulu was up for sale and had retained Morgan Stanley to provide guidance. Since then, Hulu was claimed to be shopping itself around first to Google, Microsoft or Yahoo, and more recently to Amazon, AT&T and Verizon.

While there is no identified leader, some see Google as interested as a means of gaining access into Hollywood. Amazon may have some interest mainly because Hulu's CEO, Jason Kilar, came from the online retailing giant.

Kilar gave no indication as to how much the sale of Hulu might reap for its owners. He did reveal that Hulu is expected to have one million paid subscribers by the end of this year, generating revenues of $500 million. [via Fierce online video]



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News