Disney, News Corp. Discuss Hulu's Future
News Corp and Walt Disney have begun discussions about resolving uncertainty over their jointly controlled online video site Hulu LLC, with one possible outcome being that one or the other company sells their stake.
The two companies, which each own about a third of Hulu, have each indicated at different times over the past few months their willingness to buy the other out, the people say. There is also the possibility both companies will decide to sell to an outsider, the people said. Most of the other third of Hulu is owned by Comcast, majority owner of NBC, but regulatory requirements prevent it from voting its stake. Discussions are fluid, one of the people said. Hulu's partners put the site on the market in 2011 and decided later not to sell. One of the people cautioned that the companies could decide again to hold on to their interests in Hulu.