Hulu Considers An IPO

Posted Aug 16, 2010

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.