Is the decision by Providence Equity Partners to pull its 10 percent stake out of Hulu a signal that the media conglomerates who own the most of the streaming service wish to curtail is growth?
That’s the hypothesis of a Bernstein Research report released Friday. Led by senior analyst Todd Juenger, Bernstein said that Providence Equity’s retreat “only underscores our suspicion that the controlling shareholders are increasingly motivated to cut off Hulu’s growth.”
This follows a report Bernstein issued two weeks ago, in which it questioned the longterm commitment of the Walt Disney Company (s DIS), News Corp. (s NEWS) and Comcast/NBC Universal (s CMCSA) to Hulu, given their strong desire to uphold the traditional multi-channel TV model
How can these companies support the growth of an over-the-top content business, Bernstein wondered, when they’re vested in models like TV Everywhere in which consumers can’t watch video unless they have…
Ver la entrada original 204 palabras más