Home > techcrunch > Report: Hulu Prepping To File For $2 Billion IPO

Report: Hulu Prepping To File For $2 Billion IPO

October 8th, 2010 10:32 admin Leave a comment Go to comments

According to a Reuters report, Hulu is preparing to IPO in the first half of 2011. Sources told the news organization that Hulu will be looking to raise between $200 million and $300 million in a deal valuing the company at about $2 billion.

Hulu is expected to file with the Securities and Exchange Commission before the end of the year, which set the company to IPO anywhere between January and May of 2011. Reuters’ source says the offering is “contingent on the renewal of rights to carry shows, some of which expire in a year.”

This is probably another way that Hulu is testing the waters for an IPO. While the company may claim high revenues ($100 million in 2009), it is still not clear how profitable Hulu can be, or how viable its long-term survival will be. Hulu already has to fork over as much as half or more of its advertising revenues to its TV network partners/backers (Fox, NBC, and ABC).

Source: Report: Hulu Prepping To File For $2 Billion IPO

Related Articles:

  1. We Happy? Miramax Deal Brings Hundreds Of Movies To Hulu Plus (And Some To Hulu)
  2. The Daily Show And Colbert Report Return To Hulu Via New Viacom Content Partnership
  3. CNBC: Zynga Planning To File For IPO As Soon As Tomorrow, Will Raise $1.5 To $2 Billion
  4. Estimate: In Two Years, Streaming TV Will Be An $800 Million Business for Netflix and Hulu
  5. ComScore: Hulu Is Watched Twice As Much As The 5 Major TV Networks Online Combined
blog comments powered by Disqus