Report: Yahoo!, Google, Amazon, Dish all in Running for Hulu26 Aug, 2011 By: Chris Tribbey
Yahoo!, Google, Amazon and Dish all have bid or are close to bidding for online video site Hulu, according to a report from Reuters.
Citing an anonymous source, the news service also reported DirecTV is considering submitting a bid by a deadline this weekend.
Reuters reported that one bidder found Hulu is not profitable after looking at the site’s financials, despite Hulu announcing revenues of $500 million this year.
But even those companies circling the streaming service have significant questions about its value.
“The challenge with all this over-the-top stuff is: What is the sustainable business model?” online service TheWrap quoted one executive of a bidding company as saying. “Are you confident that you can generate a profit?”