By Sahil Patel

Rupert Murdoch, who owns a decent portion of the global TV industry, sees the growth of Netflix and Amazon as major threats to the future health of the TV business. One way to counter that growth, he believes, is to invest more in the streaming service that the traditional-media giants already own: Hulu.

Speaking at a Wall Street Journal event last week, Murdoch said (via Deadline) that as an industry, TV needs “a competitor, a serious competitor, to Netflix and Amazon.”

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