Media

Disney’s CEO Says Hulu Will Be Sold

Published on July 6, 2011
by Jessica E. Vascellaro

Walt Disney Co. Chief Executive Robert Iger said the owners of online video site Hulu LLC are “committed to selling” it.

Weeks after Hulu’s board began exploring a sale, Mr. Iger, who is attending the Allen & Co. media conference here, predicted that a sale of the television-and-movie site would happen but said he couldn’t say when.

Talks with around eight to 10 potential buyers, including Google Inc., Microsoft Corp., Yahoo Inc., U.S. TV distributors and non-U.S.-based media and technology companies, are in the early stages, according to people familiar with the matter. The companies have previously declined to comment on the talks.

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