In the ‘economy’ these days all those who can are branching out to see who can make themselves a monopoly. Well under the right terms Yahoo will purchase Hulu for around $2,000,000,000.
Nothing comes without strings though, and this deal is particularly difficult for Hulu to commit to. Yahoo’s Corporate Development Representatives won’t pitch the idea to the company’s board of directors unless Hulu commits to four to five years of exclusive access to tv shows and older movies. Hulu is willing to guarantee the access time desired by Yahoo; however only two years would be would include exclusive content.
This means that television channels would be able to offer new episodes of any given television series on their own websites, or on demand for longer periods of time. To quote an unnamed business insider without the five years of exclusive content access Hulu is “not worth anything.”
Hulu’s current owners are News Corp, Comcast, Diney and Providence Equity Partners, and they are committed to selling Hulu, says Disney’s CEO Robert Iger. Since then an onslaught of offers have been made by Google, Amazon, and even Microsoft. However Yahoo opened up the bidding back in June. Microsoft may be pulling out of the next round of bidding, although official representatives have said the company does not comment on rumors.
-TwisTtheTwiTcH
