Report: DirecTV Considering Bid for Hulu WSJ
DirecTV is contemplating a bid for the online streaming service Hulu, reports The Wall Street Journal. Hulu's owners, which include Walt Disney, News Corp. and Comcast, are considering their options for Hulu, including a sale.
Interested bidders are reportedly said to include Time Warner Cable, Yahoo, Guggenheim Partners and Peter Chernin's investment group.
DirecTV may want the service to expand its "TV Everywhere" service, which offers TV shows online to its pay-TV customers. It's not clear whether DirecTV is interested in purchasing a minority stake, or the entire business.
The piece reports: "Some industry executives have expressed concerns about the potential for 'cord cutting,' or users choosing to drop pay-TV connections in favor of affordable online video services. Cable companies are relatively well-positioned for such a change, since they sell broadband subscriptions. Satellite operators DirecTV and rival Dish Network Corp. are more reliant on their video business."