Home General News Is streaming service Hulu going through financial trouble?

Is streaming service Hulu going through financial trouble?

Streaming service Hulu was launched as a direct competitor to the streaming giant, Netflix. Hulu is basically owned by Comcast (NBC), Disney (ABC) and Fox. Hulu aces at the art of original content and was touted as the pitstop to binge network TV shows.

A TechCrunch report states that Disney has reported losses of at least $580 million for the last fiscal year. No prizes in guessing it’s for their investment in Hulu. Disney’s statement at the SEC filing was that, “A higher loss from our investment in Hulu, partially offset by a favorable comparison to a loss from BAMTech in the prior year.”
Streaming service Hulu was launched as a direct competitor to the streaming giant, Netflix. Hulu is basically owned by Comcast (NBC), Disney (ABC) and Fox. Hulu aces at the art of original content and was touted as the pitstop to binge network TV shows.

Wonder what are the figures for NBC and Fox? It hasn’t been released yet but, we do know that their losses could be lesser than that of Disney. TechCrunch further states that all the streaming services by Disney have resulted in billions of dollars of loss. Also, WWE has notified that they will leave the association with BAMTech and join hands with Endeavor Streaming.

All this could paint a picture of Hulu’s uncertain future. All the three networks own 30 percent of it and the remaining 10 percent is with AT&T. Not to forget that Disney will be taking over Fox’s share in Hulu once their takeover is complete. This proves their majority share when it comes to losses.

Comcast and Disney are all set to go ahead with their own streaming services. What will happen to Hulu once separate streaming services are out? We are not sure if their content will still air in Hulu or everything will be moved to the new network. TechCrunch also has inputs on Disney wanting to invest more in Hulu and to focus on international expansion. This will be topped with more original content. It will take a while for Hulu to try and beat Netflix and Amazon at the streaming game. Until then, watch out this space for more on Hulu.

Wonder what are the figures for NBC and Fox? It hasn’t been released yet but, we do know that their losses could be lesser than that of Disney. TechCrunch further states that all the streaming services by Disney have resulted in billions of dollars of loss. Also, WWE has notified that they will leave the association with BAMTech and join hands with Endeavor Streaming.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

9 of the best Mobdro alternatives for watching live tv in 2020

Modbro was one of the growing movies and live tv streaming sites with free unlimited content. Mobdro had its app on the...

Gogo Anime: Download Gogo Anime app, gogoanime website updates

What is Gogo Anime Gogo Anime is the one anime streaming website that features tons of anime content for you to watch. From the latest...

The Best Live Cricket TV Sites You Just Cannot Miss In 2020

Cricket is as they say a gentleman’s game originated in England and you will be amazed to know that the first game...

9 of the best Rainiertamayo alternatives to watch unlimited online free movies and tv shows

Movies and tv shows have entertained people since the 1960s. Earlier to that people used to go to fair and circus to...

Top 11 Music Torrent websites in 2020

Music can instantly lighten up your day. The taste of music from people all around the world varies. But we believe everyone...

Popular

ThopTV – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick, FireTV

About ThopTV movies ThopTV has been around for many years, initially, a user could download the app for an Android Device directly through play store....

9 best ThopTV alternatives for free streaming and Live TV

Streaming apps like Netflix, Amazon Prime, Hulu etc have all become a household name, thus proving that the Internet is the new...

Cyberflix TV 3.2.0 – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC & Firestick

About CyberFlix TV CyberFlix TV is an online streaming app on which you can watch free movies and TV Shows. The app has been shut...

Mobdro – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick & FireTV 

About Mobdro Mobdro App is one of the latest introduction into the free movie streaming app market. Mobdro is rapidly dethroning some of the big...

Stock market expert Marc Faber makes his first investment in BTC

In what could be a significant uplift for the most famous digital asset, Bitcoin (BTC), earlier in the week, one certain Marc Faber announced...