OTT video supplier Hulu is asking its key shareholders for an additional $200 million in order to fund overseas expansion and to secure more programming rights.

Hulu’s three shareholders, Disney, News Corp and Comcast are being asked to fund around $200 million, according to the Wall Street Journal, despite the five-year venture remaining unprofitable to date. The WSJ adds that this extra cash is around twice what each shareholder has invested in 2012.

Other posts by :

1. Amazon Leo gains South Africa link
2. Eutelsat wants an extra 528 satellites
3. FCC approves orbital space mirrors
4. Analysts: “Unknown Unknowns for SpaceX”
5. Ligado’s bankruptcy clean-up continues
6. Arianespace to offer ‘rideshare’ launches
7. Space industry warns Europe must do more
8. Banks increase SpaceX forecasts
9. Orbex bankruptcy details released

Categories: Articles, Business, Funding, OTT, VOD