Owners News Corp and Disney (Comcast also has a stake but can’t have a corporate role) have been mulling what to do with the online service. Earlier reports said News Corp wants Hulu to focus on its subscription service, while Disney prefers the ad-supported business model. Now Reuters is reporting that one might want to buy out the other, in addition to the Hulu board contacting other potential buyers recently to gauge third-party interest. An internal strategic review has resulted in several possible suitors, though it’s unclear how many were contacted and a source says no formal offers have been received. Jason Kilar, the CEO who is leaving the company at the end of the month, said in December that Hulu would end 2012 with about $695M in revenue, up 65% vs 2011. Its paid streaming service, Hulu Plus, has more than 3M subscribers, double the number from the previous year.
Hulu Board IDs Possible Buyers: Reuters
Trending Now on Deadline
More From Team
- 'Killing Kennedy' To Air On Fox News Channel; 'O'Reilly Factor' To Preview The Film
- Osy Ikhile Joins Syfy Mini 'Childhood's End'; Sebastian Pigott In ABC's 'Revenge'
- James Franco, Nicki Minaj, One Direction, Martin Freeman Headline 'SNL's Final Shows Of 2014
- Oscar & Tony Winning Director Mike Nichols Dead At 83
- Steve McQueen's Next Movie: Heist Pic Based On '80s UK Mini 'Widows'
- Mike Nichols' Death: ABC News Chief's Memo To Staff – Video