DirecTV, Two Others Bid Over $1 Billion For Hulu
Satellite operator DirecTV and two other bidders have offered more than $1 billion apiece to buy Hulu according to sources.
The Hulu service has more than 4 million subscribers and generates revenue of about $700 million through subscriptions and a free ad-supported service.
Hulu offers ad-supported on-demand streaming video of TV shows, movies, webisodes and other new media, trailers, clips, and behind-the-scenes footage from NBC, Fox, ABC, TBS, and many other networks and studios.
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