Some news that will sadden my brother I'm sure, and me as well.
Friday, October 23, 2009
Hulu May Charge as Early as 2010
Online video site Hulu may begin charging a fee for access to its movies and television shows, according to News Corp (
NWS: 14.1, -0.2, -1.4%) President and COO, Chase Carey.
Fees for access to the site could be introduced as soon as 2010, according to remarks made by Carey at a conference on Wednesday. Users of Hulu currently watch both movies and television free of charge, with Hulu employing an advertisement-supported revenue model.
Last month, News Corp Chairman Rupert Murdoch said that no final decision had been made on Hulu, and it is unclear how Comcast’s (
CMCSK: 14.09, -0.17, -1.19%) potential purchase of General Electric's (
GE: 14.93, -0.05, -0.33%) NBC Universal might affect any changes.
Along with News Corp., Hulu is owned by NBC Universal, Disney (
DIS: 28.085, -0.555, -1.94%), and Providence Equity Partners.
News Corp. is the parent company of FOX Business Network.
Darn hulu...