Hulu losses mount as its new OTT offering prepares to launch; Comcast's position
Tom Paine
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Comcast 10-K reveals @hulu losses up 67% y-o-y, with Q4 ‘16 losses of $200 mm vs $123 mm in Q4 '15 & vMVPD launch coming in 2017 pic.twitter.com/BAWT8weOEk
budgets
— Rich Greenfield (@RichBTIG) February 6, 2017
Comcast is still hands off Hulu until next year per NBCU acquisition consent decree, though it owns 1/3. Not even sure they have any budget say so. Meanwhile, Hulu rushing to get full OTT offering out the door, though its not known whether Comcast approves.
Hulu and NBCU have yet to reach an agreement on making NBCU content available on the new OTT offering (expected to launch in Q1), though "active discussions" have been ongoing for an eternity.
But the losses aren't really material to Comcast at this stage. The strategy may be.
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