Hulu Just Skunked Netflix and Amazon at the Emmy's -- but Here's Who Really Won

The recent Emmy awards were historic for a number of reasons. Four of the seven programs nominated for the top award, Outstanding Drama Series, hailed from video streaming services. While many believed that Netflix, Inc. (NASDAQ: NFLX) would be a shoo-in, with Stranger Things, The Crown, and House of Cards all nominated in the category, it was smaller rival Hulu that pulled off the upset with its dystopian drama The Handmaid's Tale, taking home a total of eight awards for the program. 

Hulu, which is owned by Disney (NYSE: DIS), Twenty-First Century Fox (NASDAQ: FOX) (NASDAQ: FOXA), Comcast (NASDAQ: CMCSA), and Time Warner (NYSE: TWX) has long been viewed as the underdog in the streaming wars. Taking home the top trophy for a major award has firmly established the platform as a viable competitor to its larger rivals, Netflix and Amazon.com, Inc. (NASDAQ: AMZN), and while Hulu won, that doesn't necessarily mean that the other two lost. It was, in fact, a win for streaming in general.

Streaming video is gaining greater acceptance. Image source: Getty Images.

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Source: Fool.com