The following is a joint statement from Hulu owners News Corporation, Providence Equity Partners, The Walt Disney Company and the Hulu senior management team:
“Since Hulu holds a unique and compelling strategic value to each of its owners, we have terminated the sale process and look forward to working together to continue mapping out its path to even greater success. Our focus now rests solely on ensuring that our efforts as owners contribute in a meaningful way to the exciting future that lies ahead for Hulu.”
So I guess that means that Hulu is no longer for sale and all of a sudden these folks know what they were doing wrong and will now lead Hulu to deliver on all the promise that it had shown when it first debuted. Umm…yeah right.