10 Aug Hulu Losses Double in Q2 to $357 Million, as Disney Is Set to Take Control [Variety]
By Todd Spangler
August 9, 2018 | Hulu’s cash burn has accelerated — its losses in the second quarter of 2018 more than doubled — as the video-streaming venture continues to step up its investment in content and technology to acquire new customers.
At this point, questions remain about what will happen next for Hulu once Disney gains majority control of the company, and how the service will find a path to profitability after an intense period of investing in growth.
Read more on Variety.