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Aug
17
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Hulu Considers An IPO
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Video streaming service Hulu.com is considering an IPO. Hulu is expected to have a valuation of $2 billion if they were to go public now. Hulu execs have already started working with investment banks about the possibilities.
Hulu made about $100 million in revenue last year and they are on track to more than double that this year. Hulu plans to create a $9.99 per month subscription for additional services in addition to the free video applications already being offered.
Hulu was created as a partnership between Disney, News Corporation, NBC Universal and Providence Equity Partners. Hulu is led by former Amazon.com executive Jason Kilar.
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