News Corp.’s Fox network will go off the air and become a cable channel if U.S. courts don’t stop Internet startup Aereo Inc. from retransmitting shows like “The Simpsons” without permission, said Chief Operating Officer Chase Carey.
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“Former News Corp president Peter Chernin has bid around $500 million for Hulu, the online video streaming service he helped create in 2007, according to two sources with knowledge of Hulu’s sale process.”
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News Corp. and Walt Disney Co. are in talks that may lead to one of the partners in the Hulu.com video website buying out the other, two people with knowledge of the situation said.
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“’MyspaceTV is an over-the-top social television service that brings an entirely new dimension to the TV experience you’re familiar with today,’ said Tim Vanderhook, the chief executive of Myspace, onstage at Panasonic’s press conference. Vanderhook and his brother, Chris Vanderhook, are the founders of Specific Media, the company that acquired Myspace from News Corp. for $35 million in mid-2011. News Corp. had originally purchased Myspace from its founders in 2005 for $580 million.”
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“With a corporate ownership group that includes News Corp.’s new FOX Group, Disney and Comcast, literally anything can happen. But with Comcast having no operational control of the unit (as a result of a government requirement to approve the NBC Universal acquisition by Comcast) and Disney being less-and-less interested in Hulu relative to its other fully owned-and-operated units, then the options for Hulu’s future will likely include…”
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“‘Outline transition plan for new CEO. Discuss potential candidates and process.’
These sentences are the topmost bullet points of a confidential internal memo regarding the business of Hulu obtained by Variety. Dated in July, the three-page document covers a range of sensitive issues pertaining to how two of Hulu’s parent companies, News Corp. and Disney, plan to transform the streaming service.”
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“Interviewed by the NY Times’ Amy Chozick at last week’s VideoNuze Online Video Advertising Summit, News Corp.’s Chief Digital Officer Jon Miller summed up his view of the future of TV by saying that “TV is an app.” Jon believes that watching programs will become ‘screen agnostic’ with consumers expecting consistency in experience and choices.”
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“News Corp.’s Jon Miller explained to our Staci D. Kramer in a Q&A at paidContent 2012 that broadcasters actually need business-to-consumer outlets like Hulu in order to survive. That plus News Corp. in China, The Daily and more.”
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“Bernstein Research wonders if the decision by Providence Equity Partners to pull its minority stake out of Hulu is a signal that the entertainment conglomerates who own most of the streaming service — and who wish to uphold TV’s multichannel model…”
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“Hulu.com owners Walt Disney Co., Comcast Corp. and News Corp. are close to buying out Providence Equity Partners Inc.’s stake at a price valuing the company at about $2 billion, said two people with knowledge of the matter.”
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