Hulu Is Now the Biggest Name in Live-Streaming
Not so long ago, would-be cord-cutters faced a tough choice: There was no streaming alternative to cable or satellite. It was the pricey bundle with a long-term contract or nothing at all.
But the streaming revolution was approaching, and satellite provider DISH Network (NASDAQ: DISH) chose to hasten it rather than hunker down and fight it. DISH debuted something new in 2015: Sling TV, a "skinny bundle" live TV streaming service that offered a slimmed-down and streaming version of a cable or satellite bundle. Sling TV was soon joined by Sony's (NYSE: SNE) PlayStation Vue and other competitors, but it never ceded its head start on subscribers -- until now.
With an impressive first quarter, Walt Disney's (NYSE: DIS) "Hulu + Live TV" has finally toppled Sling TV from the top of the subscriber-count pile. According to Disney, Hulu + Live TV now has 3.2 million paid subscribers.
Source Fool.com
