Wall Street on Hulu: "not difficult to take a $3 billion product and give it away for free."
More Wall Street jabs at Hulu, and specifically at CEO Jason Kilar. Check out this scathing excerpt from the Media Post story below: ------------ "The problem is, the 27 year-old geniuses (running Hulu) have run amuck," Needham analyst Laura Martin says. "They are clever, dynamic and understand social networks, and they go, 'oh, let's get on the Web, let's innovate. It gives us lots of flexibility on what to do with the content,' and then they steal from the guys spending the $3 billion dollars and they don't do anything about it." Martin says it's not difficult to take a $3 billion product and give it away for free, then pat yourself on the back for attacking millions of viewers. --------------- Ouch! But not necessarily untrue.
Story:
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=116559
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Story:
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=116559
Sent via BlackBerry
