Cooler heads have seemed to have prevailed when it comes to the much discussed selling of streaming giant, Hulu.
That is, the owners of the juggernaut have found that they have just too good a product to give out to just anyone. In a joint statement from Hulu owners News Corp., Providence Equity Partners, The Walt Disney Company and all Hulu senior management team members, the group have revealed that they will no longer be accepting offers for the company, thus terminating its sale.
The company will no longer be on the block, meaning that for the foreseeable future, there won’t be much in the way of drastic changes, at least in the realm of content offerings. Disney and News Corp seem to be madly involved with this outlet, and this statement only proves that that will be staying that way for some time. Personally, I think it’s the perfect choice, not only for all those involved, but with the selling of Hulu, their content was definitely on the rocks, and the uncertainty didn’t quite make for the most warm of environments. With Netflix still at the top of the mountain, Hulu needed no bad press, and a sale could definitely lead to that very thing.
What do you think?