Hulu, a place you can keep up with all your favorite movies and TV shows online, is apparently for sale. Former News Corp?president Peter Chernin has offered $500 million for the social streaming service.
Since March, Hulu’s owners, News Corporation and Walt Disney, have contemplated merging.?If the merge happened, where would that leave Hulu? Enter Peter Chernin, a former Hulu board member. He left the social medium in 2009 to form his own group, which has holdings in film, TV, online radio and high tech companies. So on paper, that would make him a great candidate.?He’s??someone who has?been with the medium and continues?to be active in media. Of course,?nobody’s saying anything: not Hulu, not Disney, not Mr. Chernin’s people.
It always irks and scares me when big media corporations ‘merge’ like what’s trying to happen here. Keep in mind Hulu made $700 million last year. I guess $700 million dollars isn’t enough for them. When these mergers happen, small independent media are bullied and squeezed out even more than they already are. However, if Chernin does buy it out, hopefully he won’t tighten the grip on what can and can’t be seen on this social medium. That’s my other fear. Look at what happened to news when corporate America put it’s grip on that: we know more about?Justin Beiber ?than we do about Syria. Do you think this potential deal is good or bad for Hulu and for social media at large?