Hulu Plans to Raise Money as It Expands Into Original Shows
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Hulu LLC, the online TV service owned by ABC, NBC and Fox, is ratcheting up competition with Netflix Inc. with plans to raise money as it expands into original programs.
Hulu will release “Battleground,” its first scripted show, on Feb. 14 and is weighing options to raise cash this year, Andy Forssell, senior vice president of content at the Los Angeles-based company, said in an interview.