Hulu IPO Could Come This Fall
Hulu, an online video service that offers hit TV shows, could be transformed into a publicly traded internet company by this fall.
The New York Times reported, quoting “people briefed on the matter”, that Hulu is considering an IPO, with several investment banks valuing the joint venture created in 2007 between News Corp, Walt Disney, NBC Universal and Providence Equity Partners at over of $2 billion.
After recently adding a “Hulu Plus” service which offers stronger library content and applications for the iphone and ipad, Hulu’s revenues are approaching yearly revenues of USD 200 – 250 million. Following both Demand Media and Skype announcing their plans to go public, Hulu’s move is yet another big internet IPO recently revealed.
No further details were immediately available on Hulu’s IPO plans.