Wall Street is confused. Networks spend 2 to 3 billion dollars (except NBC, thanks to Jay Leno) and Hulu provides a safe environment to place it. But the argument that the quality free content fights
piracy made by Disney's Bob Eiger and others doesn't hold water for Laura Martin, Senior Analyst, Media Metric. Wall Street doesn't want to hear that; it means there business model is about to go. The
argument is not going to make them want to make Wall Street put money in the stock. "I'm going to energy," she says.
How hard is that to take a $3 billion product and give it away for free? "I
don't think you need an MBA to do that. Call me strange," said Martin.