Hulu Is Now the 5th-Largest Pay-TV Provider in the U.S.

Walt Disney's (NYSE: DIS) Hulu added 700,000 new Hulu + Live TV subscribers during the company's fiscal 2020 fourth quarter. Meanwhile, traditional pay-TV providers continued to bleed subscribers over the summer, with some top executives expecting continued losses ahead.

Hulu surpassed some big legacy pay-TV providers last quarter -- including Verizon, Cox, and Altice -- to become the fifth-largest pay-TV provider in the U.S.

Comcast, AT&T, Charter Communications, and DISH Network are still well ahead of Hulu's subscriber count.

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Source Fool.com