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Hulu is spending more than Facebook and Apple, but far less than Netflix on content

Hulu, one of TV’s biggest streaming platforms, is working with a budget of about $2.5 billion this year for content.

Mike Hopkins, chief executive at Hulu — a joint venture of Walt Disney Co. DIS, -0.93% , Comcast Corp. CMCSA, -0.95% , 21st Century Fox Inc. FOXA, -0.34% and Time Warner Inc. TWX, -0.29% — divulged at an event in New York on Thursday, according to Variety, that the Emmy-nominated streaming network is shelling out a healthy $2.5 billion for content in 2017.

Hopkins also said Hulu plans to add seven new original series to its lineup in the next six months.

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