Magika had potential. It was a product. Not the best, but it was out there. All it needed was 1,000x-100,000x the views. Traffic drives money. Redg stated traffic is their expertise. But apparently failed to drive enough traffic to magika.
It was plugged by you know who, but done so poorly, mostly because I think he couldn't truly get behind the product that wasn't really that great.
It seems that the new products are much higher quality, so perhaps the mention/plug, will also be of higher caliber.
Hulu didn't steal money from Redg. I believe it wasn't enough money to steal. It didn't make enough, Redg knew that and didn't want to publish.