Hulu abandons plans for IPO

Television streaming site Hulu will not go public any time soon, according to a new report published in the Wall Street Journal.

The report has said that Hulu is now pursuing subscription plans instead of a float, and the business’s owners may even pump more money into the company.

The publication also reports that Hulu is looking to secure rights to distribute content that isn’t allow through subscription plans.

The report comes after Hulu has said it has targeted the Australian market for expansion but slow broadband speeds were a factor in delays.