Hulu CEO heckles Netflix on content spending: ‘It’s how you spend that is really important’

Hulu CEO Randy Freer weighed in on Tuesday on consolidation in the media industry — and subtly heckled rival Netflix for its content spending.

“I think money is a relative term. I think it’s how you spend that is really important. We are not going to make 800 shows next year, we’ll probably make 20 or 25,” Freer told CNBC’s Andrew Ross Sorkin.

Netflix has said it expects to have 700 original shows this year, spending up to $8 billion on content. To date, Hulu has been more selective in funneling its content dollars to a smaller number of projects, compared to streaming rivals like Amazon and Netflix.