Hulu’s stream­ing ser­vice bill keeps grow­ing

Waterloo Region Record - - Business -

Hulu has proven to be a com­mer­cial and crit­i­cal suc­cess — but at an es­ca­lat­ing price. The stream­ing video ser­vice, which started stream­ing live TV last year, spent about $2.5 bil­lion on con­tent last year. But the bill for orig­i­nal and ac­quired con­tent ap­pears to be grow­ing as each of the found­ing stake­hold­ers Dis­ney (ABC), Fox and Com­cast (NBC Uni­ver­sal) — all three own a 30 per cent share of Hulu — are chip­ping in more than twice what they did a year ago. (Time Warner, which AT&T is ac­quir­ing, also holds a 10 per cent share.) Based on re­cent fil­ings with the SEC, the main stake­hold­ers had al­ready, by mid-year, spent as much on Hulu as they had dur­ing all of 2017.

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