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Hulu lost $920 million in 2017

The streaming service posted a significant loss in 2017 after its parent companies Disney, 21st Century Fox, Comcast, and Time Warner invested $1 billion, according to a filing by Comcast. Hulu’s $920 million plummet starkly stands out against its loss of just $531 million in 2016. But the bleeding won’t stop there. According to estimates … Continue reading “Hulu lost $920 million in 2017”

Hulu lost $920 million in 2017
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The streaming service posted a significant loss in 2017 after its parent companies Disney, 21st Century Fox, Comcast, and Time Warner invested $1 billion, according to a filing by Comcast. Hulu’s $920 million plummet starkly stands out against its loss of just $531 million in 2016.

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But the bleeding won’t stop there. According to estimates reported by Variety, Hulu’s losses will continue to sink to about $1.7 billion in 2018, with its parent companies hoping to counterbalance that by investing $1.5 billion this year. As of last year, the streaming service said it had more than 17 million subscribers for its on-demand and live packages.

On its latest earnings call, Disney, which plans to launch its own streaming service in 2019, described the mounting losses on its Hulu investment. In particular, chief executive Bob Iger pointed to the high costs of licensing programming and Hulu’s “ramping up their volume” on original programming. He singled out The Handmaid’s Tale, which recently won eight Primetime Emmy Awards, as a sign that the bet was paying off.

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About the author

KC covers entertainment and pop culture for Fast Company. Previously, KC was part of the Emmy Award-winning team at "Good Morning America," where he was the social media producer.

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