Is Walt Disney Giving Up on Hulu?

There's no question that the coronavirus pandemic has been a boon for the video streaming industry. Subscriptions for services like Netflix (NASDAQ: NFLX) have surged, and third-party aggregators like Reelgood have also reported a sharp jump in streaming time. Walt Disney's (NYSE: DIS) Hulu, born as a joint venture of the major broadcasters, has long lagged Netflix and Amazon Prime in subscribers, even though the service has a slate of strong content -- it offers television programs straight from the broadcast networks, and has taken home an Emmy award for outstanding drama for The Handmaid's Tale, something Netflix has yet to accomplish.