Rupert Murdoch on Hulu: ‘A Hell of a Good Business’

Murdoch on Hulu: 'A Hell of

News Corp. chairman talks sale, says Disney 'wavered' in sale

Hulu may have gotten pulled off the block Friday morning, but its owners have expressed confidence that the streaming site can become an even stronger asset.

“I think it’s a hell of a good business  – or it can be,” said News Corp. chairman Rupert Murdoch. Murdoch was lounging in the Sun Valley Lodge, which is playing host to a number of moguls this week during the Allen & Co. conference.

Murdoch said Hulu’s partners needed to get on the “same page” with regards to Hulu, and that Disney “wavered.” But eventually, all three announced they would keep the company on Friday morning.

SEE ALSO: Hulu No Longer for Sale

News Corp., Comcast an Disney are all joint owners of Hulu, and all three companies had top execs in Idaho this week. Disney’s Bob Iger pulled News Corp.’s Chase Carey aside to chat before dinner on Tuesday amidst much chatter about the fate of the streaming service.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 2

Leave a Reply

2 Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. Beach 4X4 says:

    It was a Hell of a Business model Mark Cuban refined for Broadcast.com as well.

    Good thing the bids for HULU didn’t live up to anticipated $B, otherwise the Hell of a Business would have left the stable and the $750M infusion would be back in the studio treadmill, weakening competition and stalling digital takeover of the consumer market.

  2. Kenny says:

    21st Century Fox…

More Biz News from Variety

Loading