Netflix Loses Yet Another Emmy-Nominated Drama to Hulu
Fresh off of winning the Emmy award for Outstanding Drama for The Handmaid's Tale, Hulu won the rights to stream fellow nominee This Is Us. Hulu and its part-owner NBC paid $3.5 million per episode for the domestic streaming rights to the series from its other part-owner, 21st Century Fox (NASDAQ: FOXA). Amazon (NASDAQ: AMZN) won the international streaming rights. Netflix (NASDAQ: NFLX), meanwhile, was left out in the cold (although it had three original dramas nominated this year).
Hulu is starting to flex its muscle with a $2.5 billion budget afforded to it by its joint owners -- Disney (NYSE: DIS), NBC, Fox, and Time Warner (NYSE: TWX). Amazon's budget is estimated to be around $4.5 billion this year, and Netflix expects to spend around $6 billion this year and up to $7 billion next year. With all of that money floating around, the rights to stream the top content are getting more and more expensive.
A still from the pilot episode of This Is Us. Image source: NBC.
Source: Fool.com
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