backtop


Print 14 comment(s) - last by kattanna.. on Dec 19 at 4:29 PM

It also has 5 million Hulu Plus subscribers now

Hulu mentioned in October that it could reach $1 billion in revenue by the end of the year, and it looks like the video streaming company has hit its target. 

According to Hulu CEO Mike Hopkins, who blogged about the company's 2013 stats today, Hulu will achieve $1 billion in revenue by the end of the year -- which is a nice leap from $695 million in 2012. 

"When you think about the fact that Hulu first launched out of beta in 2008, it’s quite an impressive feat to scale the business from zero to $1 billion over the course of just six years," wrote Hopkins. 

He went on to say that Hulu Plus -- the company's paid subscription service -- reached 5 million subscribers this year with about 50 percent streaming exclusively on devices and living room viewing accounting for over half of content consumption. 


Further, Hulu's knock-out year will end with a total of 488 content partners, 86,000 TV episodes, 2,900 TV series, and 68,000 hours of video on Hulu and Hulu Plus.  

Hulu's growth also led to job creation, where the company managed to hire over 260 new throughout the year. This brings Hulu's team to 725 employees total -- a 20 percent increase in its employee base year-over-year.

That's a great ending for an eventful year for Hulu. Back in March, Hulu's board of directors had been contacting potential buyers in an effort to sell the company. But in July, NBC Universal Television Group (Comcast), Disney-ABC Television Group (The Walt Disney Company) and Fox Broadcasting Company (News Corp) -- which all co-own Hulu -- decided to take the "for sale" sign off the company and instead put  $750 million USD in cash into the service to help it grow. 

Source: Hulu



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: No Surprise
By TheDoc9 on 12/18/2013 2:28:28 PM , Rating: 2
scratch ms, I was sure they owned it. None the less my point stands.


"If you can find a PS3 anywhere in North America that's been on shelves for more than five minutes, I'll give you 1,200 bucks for it." -- SCEA President Jack Tretton

Related Articles













botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki