Hulu’s streaming service bill keeps growing
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.