Hulu’s losses have doubled in Q2 2018, equaling $357 million, as the video-streaming company continues its push in investing in content and technology to reach and obtain new subscribers.
Variety reports that in Q2 2017, Hulu’s loss was “about $173 million,” and were “primarily due to higher programming and marketing cost.”
As of May 2018, Hulu has around 20 million paying subscribers and about 800,000 of those have paid for their live TV service. This is a jump of about “18% from the end of 2017.”
With the ever continuing mission to increase that 20 million subscriber count, “Hulu’s parents – Disney, Comcast/NBC Universal, 21st Century Fox and Time Warner – have been pumping more money into the venture, with regulatory disclosures indicating they’re collectively putting in $1.5 billion this year.”
Source:: IGN -Reviews