Report: Hulu Is Up For Sale and Ex-Yahoo Exec Ross Levinsohn Might Be Buying
That's ironic because, rumor has it, back in 2011, when Levinsohn was an exec at Yahoo, Yahoo tried to buy Hulu for about $2 billion.
Hulu, the TV Internet streaming service jointly controlled by Disney's ABC and News Corp's Fox network, says it has more than 3 million subscribers paying $7.99 a month for its premium service. It generated about $700 million in revenue last year, it says. But it also had about $330 million in debt and lost about $30 million per quarter last year, the Wall Street Journal reported.
Last month Hulu CEO Jason Kilaran left the company and Andy Forssell took over. His departure wasn't a surprise. After many rumors about it, Kilar announced in January that he would leave at the end of the first quarter.