Peter Kafka

Recent Posts by Peter Kafka

Providence Equity Sells Hulu Stake

Providence Equity Partners has closed a deal to sell its stake in Hulu, according to a source familiar with the transaction. The sale, first reported by TechCrunch, has been in the works since April, and also triggers a “liquidity event” for the Web video site’s employee shareholders, including CEO Jason Kilar. Hulu’s others owners are Comcast, Disney, and News Corp., which also owns this Web site.


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Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”