Hulu Losses Could Top $1.7 Billion This Year, BTIG Says
Hulu losses likely amounted to $920 million last year, and could get close to $1.7 billion this year, BTIG Research analyst Rich Greenfield emailed investors Thursday. He said it's not clear why Disney's forecast of Hulu losses (see 1802070015) increased…
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so quickly, jumping in three months from $100 million in FY 2018 to $250 million. Hulu, owned jointly by Disney, Comcast, Fox and Time Warner, didn't comment.