Hulu Could Turn Profit in Two Years

0

HuluPremium digital video service Hulu could be profitable within two years, predicts one media analyst.


Disney-ABC Television, 21st Century Fox and Comcast Corp. jointly own Hulu.

Hulu is now worth $25 billion, according to Credit Suisse. That’s up dramatically from the $5 billion was worth a year ago when Time Warner was considering purchasing the company, reports MediaPost.

Credit Suisse Media Analyst Omar Sheikh believes Hulu could generate profits of more than $2 billion a year by 2020, though adding the company has had $1.4 billion of cumulative losses since 2008.

Hulu now has 12 million paying subscribers, up from 9 million a year ago. That compares to Netflix, which has 45 million U.S. subscribers.


SHARE
Previous articleStocks Climb
Next articleHouse Passes FCC Rule Visibility Changes
RBR+TVBR has been reporting on the business of broadcasting for nearly three decades. Beholden to no one, it is independently owned.