It’s become increasingly clear that Hulu, second banana to Netflix, is having trouble competing, and now rumors are circulating that it wants to sell itself amid problems getting the people who own it, namely the television networks, to provide it with any content. Maybe that’s has something to do with its CEO politely trashing his investors in a blog post last February, and things being generally screwed.
But Hulu is firing up the buyout train anyway, asking banks to look for possible investors. If this is actually the case, it’d be kind of a sad end for, let’s face it, the one actual competitor Netflix has in the streaming market (sorry, Vudu). Then again, Hulu was supposed to stop Netflix cold, so maybe this is just capitalism at work?
I want more like this!
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