Hulu In The Red As It Mounts Netflix Challenge
Hulu is losing more money as it takes on Netflix (NFLX). But its proud parents are willing to foot the bill to create a video streaming powerhouse. While Hulu has been on a hot streak — signing content deals that make it a stronger rival to Netflix and Amazon.com’s (AMZN) video streaming service — costs are rising. Co-owner Walt Disney (DIS) referred to Hulu’s “higher content and marketing costs” in its fiscal Q4 earnings release. How much Hulu is