Hulu Loses 920 Million Dollars in 2017

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by @todotvnews the 09/02/2018
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Even after closing a perfect year in terms of the success of its original series and the growth of its subscriber base, the streaming platform has practically doubled its loses in 2017. 

Although 2017 was a perfect year for Hulu in terms of the growth of its subscriber base and the success and accolades for its original productions, the numbers continue to be slightly off for the streaming platform - owned by 21st Century Fox, Disney, NBCUniversal and Time Warner.

In fact, according to forecasts by BTIG Research analyst Rich Greenfield, Hulu lost a total of 920 million dollars during 2017. His predictions were based in the accounts revealed by Comecast, which owns NBC Universal.

Loses were practically twice as much as those reported back in 2016, when the platform closed with a negative balance of 531 million dollars. According to Greenfield, in addition, come 2018 the company might lose up to 1.7 billion dollars.

But what drove those loses? Part of the reason was the 2.5 billion dollars invested in content and the launch of its online pay-tv service; even if the company's owners also invested a total of 1 billion dollars during the year.

Currently, Hulu has 17 million subscribers in the US, which is 40% more than those reported during 2016. Out of those new subscribers, some estimate that around 450.000 came from the aforementioned pay-tv service.

While the SVOD subscription costs between US$ 5.99 and US$7.99 a month, the pay-tv service (which also gives access to the SVOD content library) costs US$ 40 a month.

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