The streaming video service Hulu is owned by a trio of companies, but it might be bought out. A number of companies are considering making bids.
Its current owners are News Corp., Disney, and Comcast. According to published reports, they are considering selling, or Disney or News Corp. might by its partners out.
Amazon has been meeting with Hulu executives recently to discuss a buyout, according to Bloomberg.
Guggenheim Partners is also reportedly considering making a bid for the service.
Watching video on tablets and phones is becoming increasingly popular, and there’s potential for services like Hulu to be very profitable.
More about Hulu
Hulu started by some of the premier TV networks as an advertiser-supported website where computer users could watch recent episodes. This site blocks most tablets and all smartphones from accessing it.
Hulu+ was created as a mobile alternative. This requires a monthly subscription, and gives users access to classic TV shows. There are versions for the Apple iPad and Android.
Hulu+ has around 4 million subscribers. For comparison, rival streaming-video service Netflix has nearly 30 million subscribers.