Hulu has been making headlines recently due to various developments in the streaming industry. The American subscription video on demand service, majority-owned by Walt Disney Direct-to-Consumer & International, has been involved in significant changes. These include updates to its terms of service to prevent password sharing outside of households and the announcement of a discounted bundle with Disney Plus and ESPN Plus. Additionally, Hulu has been affected by layoffs and job cuts as part of cost reduction measures in response to the evolving media landscape dominated by streaming services.
Hulu was founded in 2007 as a joint venture between NBCUniversal, owned by Comcast, and Fox Entertainment Group, with Disney later acquiring a stake. The platform offers a wide range of TV shows, movies, and original content for subscribers to stream on-demand. Over the years, Hulu has become a prominent player in the streaming industry, competing with other major services like Netflix and Amazon Prime Video. The platform's diverse content library and partnerships with various entertainment companies have contributed to its popularity among viewers seeking a variety of entertainment options.
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