Jason Kilar
Hulu to sell its Japan service to Nippon TV
Hulu to sell its Japan service to Nippon TV

Less than three years after launching a leading online video subscription service in Japan, Hulu has decided to bow out of the country. Santa Monica-based Hulu has agreed to sell its Hulu Japan subscription service to Japan's Nippon Television Network Corp., the companies announced late Thursday. "We have now reached a point in the growth of the business in Japan where we feel the best path forward is to sell the company to a strategic buyer," Hulu Chief Executive Mike Hopkins wrote in a blog post announcing the divestiture of one of the company's most ambitious projects. Financial terms were not disclosed. FACES TO WATCH 2014: Digital media The transaction,...