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
Managing editor with realscreen publication, an international print and online magazine that covers the non-fiction film and television industries. Darah is an award-winning journalist who has spent over two decades covering a wide range of issues from real estate and urban development to immigration, politics and human rights, primarily with The Vancouver Sun. Prior to joining realscreen, she was editor of Stream Daily, realscreen's sister publication covering the dynamic global digital video industry. She also served a stint as a war reporter in Afghanistan for television and print, and was a national business blogger with Yahoo Canada.

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