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Apple interested in the Hulu video site

Apple interested in the Hulu video site

Apple is currently reviewing the acquisition of Hulu, a specialist in online video.

Apple is beginning to study a possible acquisition of the online video site Hulu, said on Friday Wall street journal.

According to a source quoted by the daily, "The interest (expressed by Apple) is a preliminary stage and may not lead to an offer".

At the beginning of the month Wall street journal had also reported expressions of interest from internet groups Google and Yahoo! Hulu, which according to its chief executive Jason Kilar “Left to approach half a billion (dollars) in turnover in 2011”, is owned by the Disney, NBC Universal and News Corporation media groups, as well as the Providence Capital fund.

Earlier this month, media coverage was expressed by Disney chief executive Bob Iger that the owners were keen to sell the site, which is said to generate "a lot of interest."

Apple, like Google, has huge cash flow that could allow it to easily digest such an acquisition, and enrich the catalogs of these competitors with its range of digital programs.

Hulu, which employs nearly 300 people, streams, that is to say without downloading professional programs, which are accessible free of charge thanks to computer advertising. A paid subscription plan, which had 875,000 subscribers at the end of June, also makes it possible to watch films or series not only on the computer but also on connected television, on tablets and via connected game consoles. The group hopes to pass the milestone of a million subscribers "before the end of summer".

Apple announced Tuesday that it has more than $ 12 billion in cash as of June 25. Google, for its part, announced last week that it had $ 13.6 billion.

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(AFP via The Wall Street Journal)