Hulu IPO: Major test for Internet TV business

A possible initial public offering of Internet TV service Hulu would be a significant test for the success of the online streaming video business.

Hulu executives have begun to prepare for an IPO this fall, according to a report in the New York Times. The online service is co-owned by News Corp.'s (NWS, Fortune 500) Fox, General Electric Co.'s (GE, Fortune 500) NBC Universal, Walt Disney Co.'s (DIS, Fortune 500) ABC and a private equity firm. The offering of shares would reportedly value the company at about $2 billion.

If its IPO fares well, it could give content providers hope that watching TV online has the potential to grow beyond its current niche status.

Read Full Article from CNNMoney

- Posted: 2010-08-16 20:55:54

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