Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Misc

 

Hulu Sale Closed as Owners Fox, NBC and Disney Provide $750 Million for its Future

The owners of Hulu are not going to be selling it. Instead 21st Century Fox, NBC Universal and the Walt Disney Company will provide $750 million cash injection to maintain their ownership positions in Hulu.

Jul 13 2013, 3:24am CDT | by

11 Updates
[titlle]
 
 

YouTube Videos Comments

Recommend Your Tweet as Top Tweet:

Full Story

Hulu Sale Closed as Owners Fox, NBC and Disney Provide $750 Million for its Future

[titlle]

Hulu sale is called off. The video service, Hulu will get $750 million pumped into its infrastructure for the sake of future growth. Investment in Hulu comes from three owner companies: 21st Century Fox, NBC Universal and the Walt Disney Company. There is a lot of value in Hulu’s subscription video on demand. “Hulu has emerged as one of the most consumer friendly, technologically innovative viewing platforms in the digital era. As its evolution continues, Disney and its partners are committing resources to enable Hulu to achieve its maximum potential,” said Robert A. Iger, Chairman and CEO, The Walt Disney Company. This service is in competition with Netflix and Amazon for viewership. The content will be accessible via its three owners. While Amazon and Netflix’s viewing quality contains no ads, Hulu’s does. And it charges $8 per month as subscription charges. While it may be behind Netflix in viewership matters, it is way ahead of Amazon. If Hulu wants to really lock horns with its rivals it needs fresh cash injections. This it has just received recently from its trio of owners.

President and CEO of 21st Century Fox Chase Carey said, “We believe the best path forward for Hulu is a meaningful recapitalization that will further accelerate its growth under the current ownership structure. We had meaningful conversations with a number of potential partners and buyers, each with impressive plans and offers to match, but with 21st Century Fox and Disney fully aligned in our collective vision and goals for the business, we decided to continue to empower the Hulu team, in this fashion, to continue the incredible momentum they've built over the last few years.”

The plans of selling off Hulu have therefore been foiled. Potential buyers could have included: Yahoo, DirecTV and Time Warner Cable. It’s obvious that the owner companies see some value in Hulu otherwise why would they be retaining it. Besides, they found the cash offerings from the buyers to be insufficient. Now they are looking forward to its growth and progress in future times. Hulu has many chances of making it to the top. This fresh cash infusion will ensure its entry into the stratosphere although some solid effort is required. And with a little bit of luck and chutzpah, Hulu will see the light at the end of the tunnel.

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 11

♔SAILOR MOON POST♔

Source: Oh No They Didn't!

Sailor Moon Blu-ray and DVD Special Features DetailsWant to know a little more about the remastered Blu-ray and DVD editions of classic Sailor Moon? Look no further...Volume 1 of the Sailor Moon remastered editions, containing Episodes 1-23, is due out on November 11th, 2014. That much we already knew, but Viz has dropped a few new details as to what to expect within.For one, we now know the contents of the full color 88-page booklet to be included in both the Blu-ray and D ...
Source: Oh No They Didn't!   Full article at: Oh No They Didn't! 3 days ago, 4:46am CDT
 


Advertisement


Update: 10

This Don’t Trust The B News Is The Next Best Thing To A New Season

Source: Crushable

Hulu's TCA Presentation And Cocktail Party
The lost episodes were available on Hulu and ABC.com for a while, and now you can stream them on Netflix to your heart's content, but if you're unable to watch it that way (in which case I'm sorry, because lacking Netflix is truly tragic), I might have some good news for you. More »This Don’t Trust The B News Is The Next Best Thing To A New Season is a post from Crushable - Entertainment, Hot Guys, Movies an ...
Source: Crushable   Full article at: Crushable 3 days ago, 9:12am CDT
 

More From the Web

Update: 9

Riau hotspots increasing

Source: Asia One

Indonesian military chief Admiral Agus S
RIAU, Indonesia - Hotspots, which had been doused by rain at one point, re-emerged in a number of regions in Riau on Wednesday as shown by satellite images, which detected 75 hotspots in the province.The figure accounted for more than half of the total of 118 hotspots monitored in Sumatra.The hotspots were found in 10 regencies and cities in Riau, with the majority being in Rokan Hilir (34), followed by Bengka ...
Source: Asia One   Full article at: Asia One 4 days ago, 9:52pm CDT
 

Update: 7

Twitter's Plan To Steal Ad Dollars From TV Hits A Snag (TWTR)

Source: Business Insider

A new report from Ad Age's Jeanine Poggi contains some good news and some bad news for Twitter. On the one hand, Poggi reports that Twitter's Amplify program, which allows brands to run a promoted tweet containing a short video of an ongoing television event, has been a big success when used during live events like sports and awards shows. On the other, brands and networks tell Poggi that Amplify has not caught on as much with viewers when used ...
Source: Business Insider   Full article at: Business Insider 4 days ago, 3:04pm CDT
 

Update: 6

TV Review: Hulu’s Real Housewives parody is scathing and brilliant

Source: The A.V. Club

Hulu's TCA Presentation And Cocktail Party
For viewers familiar with reality TV, the best thing about Hulu’s parody The Hotwives Of Orlando is an oft-overlooked technical skill: sound mixing. The editing is spot-on, the performances are highly entertaining, and the writing is punchy and fun, but it’s the sound mixing that really makes it all come together. Reality television—or “unscripted” television, as it is sometimes called—is unabashedly manufacture ...
Source: The A.V. Club   Full article at: The A.V. Club 6 days ago, 12:00am CDT
 

Update: 5

Sling Media unveils 2 devices for out-of-home TV viewing, tries for in-home appeal

Source: Canadian Business Online

Hulu's TCA Presentation And Cocktail Party
NEW YORK, N.Y. – Sling Media, the maker of devices that let people watch their cable channels while travelling, is trying to become more relevant in the living room. Traditionally, Sling’s strength has been in so-called place shifting. Attached to the home cable box, the Slingbox device sends video to various phones, tablets and other devices. If you’re on a work trip in Boston, you can still catch the local news in New York live on a SlingPlayer app. You can also use that to watch shows on yo ...
Source: Canadian Business Online   Full article at: Canadian Business Online 6 days ago, 8:02pm CDT
 

Update: 4

Report: Superman Is the Most Toxic Superhero Online

Source: AdWeek

McAfee's Digital Selves Event, With Special Appearance By Kathy Griffin
If you're seeking out Superman online, be on alert. A new study by Internet security firm McAfee shows that those who search for the Man of Steel on the Web have a 16.5 percent chance that they'll land on a website that has malware including spyware, adware, spam, phishing or viruses. The data is part of McAfee's second annual Most Toxic Superheroes list, which calculated an overall r ...
Source: AdWeek   Full article at: AdWeek 6 days ago, 3:04pm CDT
 

Update: 3

The Hotwives of Orlando, Jill Zarin on Celebrity Wife Swap And More on TV Tonight

Source: OKMagazine.com

LuAnn de Lesseps And Jill Zarin Compete In The 2014 US Open National Playoffs USTA Eastern Sectional Qualifying Tournament
Tonight, it’s the long-awaited reality TV return of The Situation and RHONY’s Jill Zarin! Well, sorta. Here’s what to watch tonight on the tube: OK! News: Find Out Which Guy Went Home on Last Night’s Bachelorette America’s Got Talent. 8pm on NBC. This special episode is the judges talking about their favorite auditions of the season thus far, plus features never-before-seen interviews. OK! News: Jessica Simpson Shows ...
Source: OKMagazine.com   Full article at: OKMagazine.com 6 days ago, 10:06am CDT
 

Update: 2

Binge Viewing Is The In-Thing These Days

Source: bidness etc

Allen And Company Annual Meeting Draws Top Business Leaders To Sun Valley, Idaho
Companies like Netflix Inc. (NFLX), Amazon.com Inc. (AMZN) and Hulu are all capitalizing on the binge-viewing phenomenon. Binge-watching refers to the viewing of televised content for extended spans of time, usually a single television show. While viewers enjoy watching episodes of their favorite TV shows back-to-back, advertisers suffer because video-on-demand (VOD) providers do not want to alienate their vie ...
Source: bidness etc   Full article at: bidness etc 1 week ago, 8:35am CDT
 

Update: 1

JDate Teams Up With Rainn Wilson's SoulPancake for Humorous Spots

Source: AdWeek

Actor Rainn Wilson arrives at the premie
JDate launched a video ad campaign on Hulu and YouTube today that will hit cable TV airwaves later this month. It’s the culmination of a crowdsourced rebranding effort the Jewish dating platform put into play a few months ago, luring amateur copywriters with a free year on the dating service (a $300 value) for their efforts. Ricky Sans, an aspiring actor who provided the winning tagline “Matzo Ball Recipes Don’t Survive on t ...
Source: AdWeek   Full article at: AdWeek Jul 14 2014, 12:33pm CDT
 

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

Comments

blog comments powered by Disqus

Latest stories

Katherine Webb posts hot Bikini Photo
Katherine Webb posts hot Bikini Photo
Katherine Webb posted a very hot bikini photo on Instagram. See the pic below.
 
 
2014 I4U Summer Giveaway: Win a $499 iPad Air or iPad Air 2
2014 I4U Summer Giveaway: Win a $499 iPad Air or iPad Air 2
I4U News is celebrating summer with an iPad Air Giveaway. Claim your chances now to win a free iPad Air - a $499 value! Enter the I4U News iPad Air Giveaway now.
 
 
Apple Q3 Earnings Expected to be Up 18%
Apple Q3 Earnings Expected to be Up 18%
Wall Street analysts predict a positive Q3 2014 for Apple. Earnings are seen 18% Up year over year.
 
 
Leah Rimini Attacks Jennifer Lopez
Leah Rimini Attacks Jennifer Lopez
This is hilarious. Watch Leah Rimini attacking Jennifer Lopez while on vacation.
 
 
 

About the Geek Mind


Read more about The Geek Mind.