Update: Microsoft Drops Out of Auction for Hulu Service
By Dennis Kuba
July 21, 2011
July 21, 2011
- Microsoft has reportedly dropped out of the bidding for Hulu and would not continue into a second round, according to “a person with knowledge of the matter.” (Although the individual did not rule out the possibility of Microsoft re-entering in a later round.)
- Google, Yahoo, AT&T and as many as eight other companies remain interested in the online video service.
- According to Business Insider, Yahoo is willing to spend up to $2 billion if it can get content rights for the next four or five years.
- It has been reported that Hulu plans to offer five years of access to content from its media company owners (Disney, News Corp. and Comcast’s NBC Universal), including two years of exclusivity.
No Comments Yet
You can be the first to comment!
Leave a comment
You must be logged in to post a comment.