S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

Online TV Growth Approaches Critical Mass (GE, CMCSA, NWS.A, DIS, NFLX)

Photo of Jon C. Ogg
By Jon C. Ogg Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The move to online television is growing rapidly and we have some food for thought ahead of a three-day weekend here after reflecting on the data that came out this week.  Some will argue that the move is still far too slow, and it is obvious that the pace of true convergence took far longer than expected if you consider the convergence conferences from the late 1990s and early part of the last decade. 

NBCUniversal, owned by Comcast Corporation (NASDAQ: CMCSA) and General Electric Co. (NYSE: GE), as well as News Corp. (NASDAQ: NWS.A), The Walt Disney Company (NYSE: DIS), and Providence Equity Partners is growing fast.  2011 saw a 60% revenue jump to $420 million, Hulu Plus now has over 1.5 million paying subscribers.

Reports are out in a blog post from Hulu CEO Jason Kilar….

Is it fair to ask how long it will take for it to have well over 20 million subscribers like Netflix, Inc. (NASDAQ: NFLX)?

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Continue Reading

Chris Lange |

After Cablevision, What If All Cable Providers Offer Hulu?

ThinkstockIn the dogfight that is pay-TV subscriptions, Cablevision Systems Corporation (NYSE: CVC) may have made a decisive move in a…
Disney Stock Price Now at the Mercy of Streaming
Paul Ausick |

Disney Stock Price Now at the Mercy of Streaming

Disney has had to close its theme parks, suspend cruises and theatrical shows, and delay the release of several films.…
Chris Lange |

Hulu Growth Threatens Amazon and Netflix

Netflix has long been the top dog of online streaming services, but as more companies are starting their own streaming…
Netflix Nears 200 Million Subscribers, Competition Struggles to Catch It
Douglas A. McIntyre |

Netflix Nears 200 Million Subscribers, Competition Struggles to Catch It

Netflix recently forecast it would have over 190 million subscribers worldwide at the end of the quarter. Could that number…
Can Hulu Compete With Netflix? By the Numbers
Trey Thoelcke |

Can Hulu Compete With Netflix? By the Numbers

Subscription-based Internet streaming is already revolutionizing the way we consume media, and Netflix is the undisputed leader for now.
Douglas A. McIntyre |

Hulu Is Not Worth $1 Billion

courtesy of Time WarnerThe price point at which Hulu will sell may hit $1 billion. It is not worth that.…
Mike Sauter |

Hulu is No Longer for Sale (NWS, DIS, CMCSA, YHOO, GOOG, DISH, AMZN, NFLX, AAPL)

Streaming video provider Hulu LLC has been taken off the auction block by owners News Corp. (NYSE: NWS), Walt Disney…
Why Wal-Mart Should Buy Hulu
Douglas A. McIntyre |

Why Wal-Mart Should Buy Hulu

To compete against the huge and powerful marketing machine of Amazon Prime, Wal-Mart needs a large branded streaming video service.
Netflix Shares Down 16% This Year as Growth Slows
Douglas A. McIntyre |

Netflix Shares Down 16% This Year as Growth Slows

Netflix shares are not acting like those of a growth stock. They are off 16% this year, compared to a…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618