“We know what we do well,” Philippe Dauman, president and CEO of Viacom, said on stage at AllThingsD‘s Dive Into Media conference in Laguna Nigel, Calif., Tuesday morning. “We create content in many forms and work across multiple screens. We work with partners all over the world. But what we don’t do well is run a technology company,” he admitted.
As such, Dauman said Viacom would “prefer to work with Hulu as a distributor than own all of Hulu.”
The comments came in response to a question about whether Viacom would ever want to own or develop its own Hulu or Netflix-like offering. At times, rumors have circulated that Viacom has bid for online media distribution properties YouTube and Last.fm. Viacom does own a stake in Epix, frequently dubbed the “Hulu of movies,” which allows cable subscribers to stream movies online.
Dauman’s comments suggest that Viacom isn’t developing or planning to acquire a pure online media distribution service, nor should we expect one from the cable giant any time soon.