Hulu Postpones Ipo

Still searching for a way to recycle television shows profitably online, video website Hulu.com has reportedly postponed plans to offer an IPO and may pursue other options to raise funds needed to broaden its content. According to the Wall Street Journal, Hulu chief Jason Kilar and senior Hulu board members from Hulu partners News Corp, Walt Disney Co., and NBC Universal met last week to discuss the possibility of offering new subscription plans for pay platform Hulu Plus. They would reportedly entail Hulu's securing rights to content it doesn't already own. The Journal noted that current Hulu Plus subscribers have complained about the limited selection of programs available on Hulu Plus. Meanwhile News Corp's Fox International Channels said Monday that it will offer its 5-minute original Web series Single Dads on Hulu as "part of our plan to further develop this project into a TV series." The series concerns two single fathers who meet after being booted from a YMCA parenting class and become best friends.

21/12/2010


Contactmusic

Tags: Wall Street - NBC - Walt Disney


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