Hulu lost $920 million in 2017, after its parent companies invested $1 billion in it

Business Insider | 2/9/2018 | Todd Spangler, Variety
megzmegz123 (Posted by) Level 3
Click For Photo: http://static4.businessinsider.com/image/5a7c9a7ee33dfca0008b45b1-1190-625/hulu-lost-920-million-in-2017-after-its-parent-companies-invested-1-billion-in-it.jpg

Hulu lost $920 million in 2017 after its four parent companies — Comcast, 21st Century Fox, Disney and Time Warner — invested $1 billion in it.

The streaming service lost $531 million in 2016.

Hulu - Year - Spending - Originals - TV

Hulu dropped deeper into the red last year as it boosted spending on originals and launched its live TV service — and the losses are expected to mount in 2018.

In 2017, Hulu lost $920 million, versus a loss of $531 million a year earlier. Its four owners — Comcast, 21st Century Fox, Disney and Time Warner — invested $1 billion in the streamer (versus $733 million in 2016, including $583 million from Time Warner).

Figures - Comcast - Disclosures - Hulu - Year

The figures are based on Comcast’s 10-K disclosures, which said it invested $300 million in Hulu last year and recorded a $276 million share of losses. Comcast, Fox and Disney owns 30% of Hulu, and Time Warner holds 10%.

Hulu previously disclosed that it expected to spend around $2.5 billion on content in 2017.

Estimates - BTIG - Research - Analyst - Rich

According to estimates by BTIG Research analyst Rich Greenfield based on the owners’ financial disclosures, Hulu’s...
(Excerpt) Read more at: Business Insider
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!