Verizon Chief: Hulu Will Be Over In Two Years

Verizon Communications CEO Ivan Seidenberg said Hulu is a six month wonder and that technology will ultimately bypass the current fascination with the online video service. "When you think of the change, look at Hulu and the dialogue and debate, and you say, O.K. this is in for the next eight to twelve months and in two years it won't matter because the world will have moved on." Speaking at the Paley Center as part of an event hosted by CNBC's David Faber, Seidenberg referenced a project called Sixth Sense which links a mini-projector with a cellphone and allows consumers to watch TV on any surface as an example of how fast technology changes the game. When asked about the evolution of the TV business - Verizon operates relatively new entrant FiosTV - Seidenberg said he had no problem paying retransmission fees because it is, "The cost of entry and we have to absorb it. You don't enter an industry and not play by the rules." However long term, the Verizon chief said it was an avoidable cost. "It's all transitional, all the games the media guys play."