Hulu losses drag Disney as DTC push approaches

[In] the Direct-to-Consumer & International business line, losses from equity investees increased $159 million from a loss of $421 million to a loss of $580 million primarily due to a higher loss from investment in Hulu. The higher loss at Hulu was said to be driven by higher programming, labour and marketing costs, partially offset by growth in subscription and advertising revenue. – Joseph O’Halloran, Rapid TV News ยป http://bit.ly/2W9vTs6