Well, it looks like Hulu once again spent more than they made in the second quarter of 2018. According to numbers from The Wrap Hulu spend $353.3 million more than they earned in the 2nd quarter of 2018.
The good news is that is a bit better than the losses reported in the 1st quarter of 2018. During that quarter Hulu spent $436 million more than they made on new content, back-end improvements, and more.
Recently Hulu has struck several large deals to bring new content to Hulu, and they have also announced other deals to deliver content to the service. Owners like FOX have even started to pull content from places such as Netflix and moved it over to Hulu. This all seems to be an effort to prepare for a possible new majority owner of Hulu.
Hulu recently announced a shakeup of their management team. At almost every level Hulu has changed leadership. The question now is with new ownership on the way what will happen to Hulu next.
Did you know we have a YouTube Channel? Every week we have a live Cord Cutting Q&A, and weekly Cord Cutting recap shows exclusively on our YouTube Channel!