| Home : February 28 2014 Computer News : Hulu sells Japan business to focus on US |
|
Hulu sells Japan business to focus on US |
February 28, 2014
Hulu has sold its Japanese business to broadcaster Nippon Television Network (Nippon TV) and will focus on its U.S. operations.The deal is expected to be finalized in spring pending regulatory conditions, the two companies said.The move marks Hulu’s retreat from overseas operations and a refocus on its U.S. business. The terms of the deal were not disclosed.“We reached a point in the growth of the business in Japan where we felt the best path forward is to sell the company—Nippon TV is the top broadcaster in Japan, so they are a logical strategic partner,” Meredith Kendall, a spokeswoman for Hulu, wrote in an email.Hulu in Japan launched in September 2011 as its first overseas expansion. The service streams TV shows, films and other content for ¥980 (about US$9.60) per month.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2103220/hulu-sells-japan-business-to-focus-on-us.html#tk.rss_all
|
|
|
|
|
