hulu

The traditional pay-TV universe of 300-plus channels is going to shrink dramatically over the next 10 years, Hulu CEO Randy Freer predicted — with maybe a dozen cable TV networks still standing.

Disney CEO Bob Iger positioned his company's acquisition of Fox's TV and movie businesses as a way for the company to prepare for a future in which streaming and direct-to-consumer dominate media consumption, on a conference call this morning to discuss the $52 billion deal.