Hulu Considers An IPO
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.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry