Hulu, the rapidly growing hub for online television and movies, aim to go public through an offering that could value the company at more than $2billion, Such a move would be on of the most prominent media offerings this year , building off Hulu’s success in streaming popular shows like “Glee and ” Modern Family”. An offering would be among the most significant developments for Hulu in its three year history.Founded as a joint venture of the News Corp., Walt Disney Co., NBC universal dn the private equity firm Providence Equity Partners. Hulu aimed to be a counter weight to You Tube and other free video sites.
You Tube was bought in 2006 by Google for about $1.65 billion and has remained the undisputed leader in online view, with about 144.5 billion viewer in June according to comScore, the measurement company.
Hulu, led by Jason Kilar, a former Amazon.com executive, has grown to become one of the biggest sources of online video n the Web. It features content from most major TV networks-CBS and CW are two exceptions and several movie studios like MGM and Lions Gate.The company has long been believed to be second only to You Tube in terms of online viewers.
You Tube was bought in 2006 by Google for about $1.65 billion and has remained the undisputed leader in online view, with about 144.5 billion viewer in June according to comScore, the measurement company.
Hulu, led by Jason Kilar, a former Amazon.com executive, has grown to become one of the biggest sources of online video n the Web. It features content from most major TV networks-CBS and CW are two exceptions and several movie studios like MGM and Lions Gate.The company has long been believed to be second only to You Tube in terms of online viewers.
