Is the decision by Providence Equity Partners to pull its 10 percent stake out of Hulu a signal that the media conglomerates who own the most of the streaming service wish to curtail is growth?
That’s the hypothesis of a Bernstein Research report released Friday. Led by senior analyst Todd Juenger, Bernstein said that Providence Equity’s retreat “only underscores our suspicion that the controlling shareholders are increasingly motivated to cut off Hulu’s growth.”
This follows a report Bernstein issued two weeks ago, in which it questioned the longterm commitment of the Walt Disney Company (s DIS), News Corp. (s NEWS) and Comcast/NBC Universal (s CMCSA) to Hulu, given their strong desire to uphold the traditional multi-channel TV model
How can these companies support the growth of an over-the-top content business, Bernstein wondered, when they’re vested in models like TV Everywhere in which consumers can’t watch video unless they have…
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The history of Earth is a rocky and lifeless story. The first signs of life emerged about a billion years after our planet’s creation. They weren’t much either; mostly single-celled organisms that resembled today’s bacteria. Land animals emerged out of the oceans as recent as 500 million years ago, and the genus homo came onto the scene a mere 2.5 million years ago. Complex life on Earth is the new kid on the block; natural selection spent most of its time keeping species the same, not changing them.
We humans are a different story. 200,000 years ago a few tens of thousands of us dotted the African plains. But then something happened. We spread across the globe creating cities and villages along the way. Language evolved, and with it culture and societies. We began living longer and healthier and our population skyrocketed as a result.
What’s peculiar about the rise…
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