Media companies are in for an expected bad run. Advertising spending is down as much as 11% in the US alone, and is not expected to recover to pre-recession levels when the economy improves. Additionally, the market for content services and DVDs continues to be depressed, with consumer spending falling 4% during the quarter. I
Hulu offers free online video content in the form of TV shows, clips, and movies to users in the US. Based in Los Angeles, the site is a joint venture between NBC Universal and News Corporation. More than 50 other companies also provide content, including FOX, MGM and Sony Pictures Television.