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Apple Reportedly Weighing Hulu Buy to Rival Netflix

Apple (NASDAQ:AAPL) is reportedly considering a bid for online video provider Hulu that would give the service a boost and put it on the same playing field as Netflix (NASDAQ:NFLX), according to Bloomberg News.

The tech behemoth is in early talks that could lead to an offer for Hulu, according to the report, citing people familiar with the matter.

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The services owners, including New Corp. (NASDAQ:NWSA), Walt Disney (NYSE:DIS) and Comcast (NASDAQ:CMCSA), are offering buyers a five-year extension of program rights, including two years exclusive access, the sources said. (News Corp. owns FOX Business.)

If Apple were to acquire Hulu, it would likely launch a new subscription service that could rival Netflix. It would differ from its current iTunes media store, where it offers TV shows and movies for rental or purchase.

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