Tuesday, March 26, 2013

Hulu Sale Rumors Swirl, Again

The studio owners of Los Angeles-based video streaming site Hulu are looking to sell the streaming site (again), according to rumors yesterday, as News Corporation and Walt Disney continue to struggle over what to do with the site. According to Reuters, citing three sources close to the company, Hulu's board has been reaching out to possible buyers of Hulu. It's not the first time Hulu has been shopped by its owners. Hulu has rapidly become one of the largest online companies in Los Angeles over the last few years, and is expected to hit nearly a billion in revenues this year. However, the firm is about to lose its CEO, Jason Kilar, and has continued to struggle with its owners over its future direction.

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