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Update: Hulu off the market: Fox, Disney and NBC to maintain ownership

Discussion in 'News' started by Athlon646464, Jul 12, 2013.

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  1. Athlon646464

    Athlon646464 Gold Members DBSTalk Gold Club

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    Update: Hulu off the market: Fox, Disney and NBC to maintain ownership

    Well, we've been waiting to hear who would wind up purchasing the struggling Hulu, and now we know -- nobody! Instead the service will see an infusion of cash totaling $750 million from its current owners. Hulu has actively courted new owners on multiple occasions, and it seemed as if this time a deal was imminent.

    Both Yahoo and DirecTV were in the running allegedly but, for whatever reason, Fox, NBC and Disney found their offers lacking. It's unclear right now whether the issue was over asking price or future plans for the service, but the cabal behind Hulu will instead sink more money into the property to try and grow its subscriber base further. This is turning into something of a habit for the uneasy partnership, one that is quickly turning Hulu into the boy who cried wolf.

    Full Story Link & Continuing Discussion Here
     
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