Disney chief Robert Iger has confirmed recent rumors that the four owners of the Hulu video service, which include Disney (ABC/ESPN), News Corp (Fox), Comcast (NBC) and Providence Equity Partners, are committed to selling the service. Bloomberg News quoted Iger as saying that "the process is underway and there is a lot of interest." Iger declined to discuss any specifics of the proposed sale, including the amount that the four owners are asking for it, but when asked whether he felt confident that the website will be sold, he replied, "Yes." Today's (Thursday) Los Angeles Times noted that also on Wednesday Hulu chief Jason Kilar posted a blog featuring recent Hulu accomplishments. It noted that the Hulu Plus subscription service ($7.99 a month) is on track to sign up one million subscribers by the end of summer, months ahead of schedule and that Hulu anticipates revenue of $500 million for the year.

07/07/2011