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Friday
Jul222011

Apple Interested in Making Bid for Hulu?

Hulu(NEW YORK) -- Apple, Inc. is said to be looking into purchasing the online video-streaming service Hulu.

Citing two people with knowledge of the auction, Bloomberg reports Apple is in early talks to make a bid for the website, which is partly owned by Rupert Murdoch's News Corp., Comcast Corp.’s NBC Universal, and Walt Disney Co. -- the parent company of ABC News.

Earlier this week, people familiar with the matter told Bloomberg that these owners are offering bidders a five-year extension to the rights of the programs Hulu streams, as well as two years of exclusive access.

Should Apple follow through and acquire Hulu, it could put the technology giant in direct competition with Netflix, a popular Internet movie rental service.

Copyright 2011 ABC News Radio







ABC News Radio