Hulu has been around for one year, and promises another year of growth
Video viewing site Hulu.com has been online for more than one year and is now officially rolling out new social networking features on the site.
The new social networking features were designed by Hulu to have users share movie and TV episode recommendations among one another. Hulu hopes, assuming the strategy works, could help raise ad revenue to the site, despite the turbulent state of the economy.
Hulu users are now able to utilize the "Hulu Friends" feature that has been integrated into the site. Similar to other social networking sites, Hulu users sign in and can add friends based on Facebook, MySpace, Yahoo Mail, Gmail and other services. If they accept, users can monitor a friend's activity and see what they're posting and watching.
It's possible to disable activity-feed features for users who don't want their friends to be able to monitor what they're seeing.
The on-demand video site is a joint venture between NBC Universal and News Corp., and has been extremely popular since its public launch. Hulu is now in second place only behind YouTube among video sites and their total streams. Nielsenn Online VideoCensus indicates Hulu streamed almost 309 million videos last month, which is up 32 percent compared to the month prior.
To celebrate its one-year anniversary, Hulu plans to introduce a "bevy of new shows, more seasons of user favorites, and classic cartoons and movies," the site promises.
"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007
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