Hulu's Owners Decide Not to Sell the Company (Again)

Hulu is no longer up for sale

Hulu's three parent companies — 21st Century Fox, NBCUniversal and The Walt Disney Company — called off the sale on Friday and announced that they would instead collectively pump $750 million more into Hulu to ensure "future growth."

“We believe the best path forward for Hulu is a meaningful recapitalization that will further accelerate its growth under the current ownership structure,” Chase Carey, president and COO of 21st Century Fox, said in a statement. “We had meaningful conversations with a number of potential partners and buyers, each with impressive plans and offers to match, but with 21st Century Fox and Disney fully aligned in our collective vision and goals for the business, we decided to continue to empower the Hulu team, in this fashion, to continue the incredible momentum they've built over the last few years.”