TV

Hulu pursues an IPO

Online video platform Hulu is pursuing a public offering that could value the company at more than $2 billion, according to a report in Monday's New York Times.
August 16, 2010

Online video platform Hulu is pursuing a public offering that could value the company at more than $2 billion, according to a report in Monday’s New York Times. Hulu executives have been in talks with investment bankers with the aim of going public sometime in the autumn. The site, one of the biggest competitors in the online video space, is a joint venture between News Corporation, the Walt Disney Company, NBC Universal and private equity firm Providence Equity Partners though it has yet to turn a profit, the Times reports. It will unveil a $9.99 per month subscription service in the coming months.

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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