What a tease this whole situation was. Months ago, it was big news that Hulu would be sold off, but apparently the people deciding the sale either did not think exclusive rights to content would be something bidders cared about or simply started the process before checking with their owners. Now the sale has been officially called off. Read more for the press statement.
Los Angeles, New York & Providence, RI – October 13, 2011 – The following is a joint statement from Hulu owners News Corporation, Providence Equity Partners, The Walt Disney Company and the Hulu senior management team:
“Since Hulu holds a unique and compelling strategic value to each of its owners, we have terminated the sale process and look forward to working together to continue mapping out its path to even greater success. Our focus now rests solely on ensuring that our efforts as owners contribute in a meaningful way to the exciting future that lies ahead for Hulu.”