Hulu (hulu.com) occupies a unique and highly profitable space in the streaming landscape. Unlike its global competitors that focus almost entirely on original content, Hulu built its empire by being the internet's primary DVRβoffering next-day access to broadcast and cable television shows. As one of the top websites in the world, Hulu is the premier destination for adult-oriented television, anime simulcasts, and live TV cord-cutters in the United States.
Hulu was founded in October 2007 as a joint venture between NBC Universal, News Corporation (Fox), and Providence Equity Partners, later joined by Disney. The platform was quite literally created to combat the rise of YouTube and illegal TV piracy by offering high-quality, ad-supported, legal streams of network shows. The name 'Hulu' was derived from a Mandarin proverb meaning 'holder of precious things.' In 2019, Disney acquired 21st Century Fox, giving it majority control of Hulu. By 2023, Disney bought out Comcast's remaining shares for over $8.6 billion, taking 100% full ownership of the platform.
Hulu acts as the perfect counterbalance to the family-friendly Disney+ brand, housing all of Disney's mature and adult-oriented properties:
Fully integrated into the Walt Disney Company, Hulu's standalone valuation is estimated at roughly $30 Billion. From its very inception, Hulu leaned heavily into advertising. Today, it boasts one of the most mature and lucrative ad-supported streaming tiers in the entire industry. When combined with the high monthly subscription cost of its Live TV bundles, Hulu actually generates a significantly higher Average Revenue Per User (ARPU) than its sister platform, Disney+.
Hulu brings in 250 Million monthly web visits. However, its traffic footprint is the most hyper-localized of any major streaming service. Due to incredibly complex international broadcasting rights, Hulu is almost exclusively available in the United States, which accounts for a staggering 94% of its traffic. In other global markets, Hulu's content is simply folded into the Disney+ 'Star' hub.