NEW YORK - HULU the video provider which is partially controlled by NBC, Fox, ABC and Providence Equity partners said revenue should double this year to $240 million. Hulu currently has more than 200 partners. Reports are that HULU may IPO for $200 to $300 million which would value the company at $2 billion.
Netflix also faces competition from; video downloads, DVD's, Rental Stores, PVR's, Cable companies and Satellite. Despite, this investors are betting big on Netflix's future valuing the company at twice its growth rate.
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