Technology, Online Video | featured news

The auction of online video website Hulu LLC is chugging along, with financial advisers working to compare the various offers for the company after last week's latest bidding deadline.

Amazon.com said it struck a deal with Fox to offer online video-streaming of the company's movies and television shows.

Netflix, DreamWorks reached a multi-year deal to give Netflix exclusive rights to first-run feature films and television specials for video streaming.

The movie studio business model is poised for its biggest shift in years as Hollywood turns to Internet delivery as the only way to boost home entertainment revenues. Across Hollywood, a quiet revolution is brewing that's about to transform living rooms around the world.

Facebook is looking to hire a big-name executive to cultivate relationships and strike deals with the film and music industries to bolster its media offerings.

The auction of online video site Hulu has been slowed by recent developments which could derail it completely, according to sources familiar with the process.

China-based video site Tudou has stumbled out of the gate on the company's first day of trading on the U.S. stock market. Tudou went public today with an offering of 6 million American depositary shares at $29, raising $174 million.

Yahoo Inc. recently approached Hulu to discuss a possible acquisition of the popular online video service, according to a person with knowledge of the matter.

The Wall Street Journal is reporting that Hulu has been approached with an offer to buy the company. Right now it is unclear who the offer is from but CNBC’s Julia Boorstin tweets it is not from Google.

Hulu is close to renewing its deal for TV shows from its media-company owners in a move that would secure the future of the online video site but could delay Hulu's access to some shows for its free service.