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Hulu Not For Sale, Time Warner May Join

Posted by timothy on from the business-model-is-to-annoy-with-ads dept.

HighOrbit writes "Engadget reports that the consortium behind Hulu have issued a press release and have taken Hulu off the market. The current owners will maintain their joint ownership of the video streaming service. Hulu is currently a joint project of Fox, Disney (ABC), and Comcast (NBC-Universal). Instead of selling off Hulu, the consortium will inject $750 Million to grow the streaming service. Slashdot previously reported possible buyers rumored to be Yahoo, DirecTV, Time Warner Cable, and Chernin Group/AT&T. Additionally Bloomberg reports that Time Warner Cable is still interested and seeks to join the current consortium by acquiring a 25% stake."

1 of 48 comments (clear)

  1. Cable companies... by loosescrews · · Score: 4, Insightful

    Only cable companies would think that they can serve ads on a premium pay-for video streaming service.