HULU OWNERS DROP PLANS TO SELL THEIR VIDEO SITE
Unable to find a buyer willing to pay anything close to their asking price, the owners of the TV video site Hulu have announced their “decision to terminate the Hulu sale process.” The bickering owners — News Corp, which contributes mostly Fox TV shows to the website; Disney, which contributes mostly ABC shows; Comcast, which […]
HULU ON THE BLOCK
July 7, 2011 by admin · Leave a Comment
Disney chief Robert Iger has confirmed recent rumors that the four owners of the Hulu video service, which include Disney (ABC/ESPN), News Corp (Fox), Comcast (NBC) and Providence Equity Partners, are committed to selling the service. Bloomberg News quoted Iger as saying that “the process is underway and there is a lot of interest.” Iger […]
HULU’S SUPPLIERS TO EARN $300 MILLION IN 2011
April 7, 2011 by admin · Leave a Comment
Hulu said on Wednesday that it’s on track to produce some $300 million in revenue for its content suppliers. While that might appear to be a huge figure, it actually amounts to just about $820,000 per day divided among 264 content partners or an average of $3,000 per day for each. Nevertheless, Jason Kilar, Hulu’s […]
MGM — GOING OUT LIKE A LAMB?
October 8, 2010 by admin · Leave a Comment
MGM would appear to be the latest media company to fall into bankruptcy after being sold to owners who paid too much for it in a leveraged buyout ($4.8 billion) and then discovered that they weren’t earning enough to pay interest on the debt. Published reports said today (Friday) that the studio is attempting to […]
