Difference between revisions of "Hulu"

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'''Hulu''' is a subscription {{wp|video on demand}} service, majority owned and operated by [[The Walt Disney Company]] through its subsidiary, Hulu, LLC. Started in the {{pmin|the United States|United States}} on October 29, 2007<ref name="Launch" />, as a joint venture between {{wp|News Corporation (1980–2013)|News Corporation}}, {{wp|NBCUniversal}}<ref>[https://www.businesswire.com/news/home/20070322005690/en/NBC-Universal-News-Corp.-Announce-Deal-Internet ''NBC Universal and News Corp. Announce Deal with Internet Leaders'' - Business Wire] (retrieved May 8, 2020)</ref>, {{wp|Providence Equity Partners}}<ref>[https://web.archive.org/web/20080309220437/http://www.cable360.net/competition/web/25376.html ''NBC and Fox Jump Through Hulu Hoop'' - CABLE360.NET] (archived from the original March 9, 2008; retrieved May 8, 2020)</ref> and later The Walt Disney Company<ref>[https://www.sandiegouniontribune.com/sdut-us-disney-hulu-043009-2009apr30-story.html ''Disney joins NBC and News Corp. with Hulu stake'' - The San Diego Union-Tribune] (retrieved May 8, 2020)</ref>, the service was originally free and was entirely funded by ads. On August 8, 2016, the free service ended, and Hulu moved exclusively to a subscription model<ref>[https://www.hollywoodreporter.com/news/hulu-end-free-tv-service-917917 ''Hulu to End Free TV Service'' - The Hollywood Reporter] (retrieved May 8, 2020)</ref>, and a service allowing access to live TV was launched on May 3, 2017<ref>[https://variety.com/2017/digital/news/hulu-live-tv-service-launch-channels-1202407778/ ''Hulu Live TV Service Launches With 50 Channels for $40 Monthly'' - Variety] (retrieved May 8, 2020)</ref>. Since 2019, the service has been controlled by The Walt Disney Company, with the only other remaining owner, {{wp|Comcast}}, agreeing to sell their minority stake to Disney fromby 2023<ref>[https://www.cnbc.com/2019/05/14/comcast-has-agreed-to-sell-its-stake-in-hulu-in-5-years.html ''Disney to take full control over Hulu, Comcast has option to sell its stake in 5 years'' - CNBC] (retrieved May 8, 2020)</ref>.
On September 1, 2011, Hulu was launched in Japan, the first of what was meant to be a worldwide expansion<ref>[https://www.cnet.com/news/hulu-officially-launches-streaming-service-in-japan/ ''Hulu officially launches streaming service in Japan'' - CNET] (retrieved May 8, 2020)</ref>. However, the Japanese service did not perform well, and on February 27, 2014 it was sold to {{wp|Nippon TV}}<ref>[https://variety.com/2014/biz/global/hulu-japan-to-be-acquired-by-nippon-tv-1201122915/ ''Hulu Japan to Be Acquired by Nippon TV'' - Variety] (retrieved May 8, 2020)</ref>. Since then, the service in Japan has been run by HJ Holdings, Inc. (HJホールディングス株式会社 ''HJ hōrudingusu {{wp|kabushiki gaisha}}''), a Nippon TV subsidiary, and uses the Hulu name under licence.