Hulu Losses Could Top $1.7 Billion This Year, BTIG Says

Hulu losses likely amounted to $920 million last year, and could get close to $1.7 billion this year, BTIG Research analyst Rich Greenfield emailed investors Thursday. He said it's not clear why Disney's forecast of Hulu losses (see 1802070015) increased so quickly, jumping in three months from $100 million in FY 2018 to $250 million. Hulu, owned jointly by Disney, Comcast, Fox and Time Warner, didn't comment.