Video site Hulu prepping for IPO that values company at $2B?
Fast-growing online movie and TV hub Hulu plans to go public in an initial public offering that values the company at more than $2 billion, according to the New York Times.
Citing people familiar with the matter, the New York Times said that Hulu executives have talked to investment banks about doing an IPO as soon as this fall.
Hulu is one of the hottest companies in new media, since it can stream popular TV shows such as Glee. Users can watch the shows for free as long as they watch ads. Hulu is also adding a $9.99 a month subscription service, which could make it more competitive against rival services such as Netflix, YouTube andApple TV, which is expected to get a makeover from Apple
