Hulu’s ad-free streaming subscription service is off to a good start, says co-owner 21st Century Fox (FOXA), which declined to disclose subscriber uptake on its fiscal Q1 earnings conference call Wednesday. Hulu launched an ad-free version of its video streaming service on Sept. 2. While Netflix’s (NFLX) Q3 U.S. subscriptions were about 25% shy of estimates, the impact of Hulu’s ad-free model hasn’t been clear. Netflix blamed online payment
Comcast (CMCSA), which reports Q3 earnings before the open Tuesday, said its board has approved a proposal to reclassify its shares so that only its Class A common shares remain. The proposal requires shareholder approval. Comcast’s stock, as well as the stocks of News Corp. (NWS) and 21st Century Fox (FOXA), began trading in September with multiple listings in the S&P 500. The S&P Dow Jones Indices in January had announced plans to change its
Netflix (NFLX) shares are falling further on the stock market today as rival Hulu is making its streaming service more appealing. The site, which is jointly owned by Disney (DIS), Comcast’s (CMCSA) NCBUniversal and 21st Century Fox (FOXA), is now offering a commercial-free subscription for $11.99 a month. Hulu’s basic package is $7.99 a month, while Netflix’s standard subscription is $8.99. The appearance of ads had been one of the biggest