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

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So Does That Mean Less Commercials?
By Arsynic on 12/18/2013 2:30:04 PM , Rating: 5
Paying for Hulu is like watching TV now...except I have to wait a couple of days for shows.

First it was one commercial. Then two. Now there's three. Why do I pay a sub again?

RE: So Does That Mean Less Commercials?
By martyrant on 12/18/2013 3:31:37 PM , Rating: 4
Good question, why do you?

I signed up for Hulu plus about two years ago thinking it would get rid of the commercials. When I found out that isn't what it did (just gave me greater access), I promptly canceled my Hulu plus account and have not used it since.

Even Netflix doesn't do you like that.

By Arsynic on 12/19/2013 11:25:53 AM , Rating: 2
Good question. I sometimes have to wait weeks for popular new shows to show up.

RE: So Does That Mean Less Commercials?
By Mint on 12/18/2013 7:42:21 PM , Rating: 2
If it serves your TV needs, $7.99/mo with ads is better than $59.99/mo with ads for satellite/cable.

I don't watch much TV, and OTA is plenty for me, but if I did then I'd consider it. You can be damn sure that the cable/satellite providers are engaging in all types of anti-competitive behavior to stop content providers from offering content online.

By GotThumbs on 12/19/2013 1:56:26 PM , Rating: 2
Regular HULU is fine for me as well as OTA programs.

I canceled cable tv over 3 years ago (55.00 x 36 = 1,980.00+).

More money in my pocket that I then spent on building/buying new computers/electronics.

~Best wishes keeping what you earned.

RE: So Does That Mean Less Commercials?
By kattanna on 12/19/2013 11:09:21 AM , Rating: 2
hulu+ has been great for us since we dropped all pay cable TV. just hulu, netlfix and amazon prime. works great for the most part

the biggest complaint i have with hulu so far though is 2 fold

1) for the love of god.. PLEASE let us resume a show we have to stop instead of starting from the beginning

2) get more variety of commercials.. If I have to watch the chivas booze commercial one more time... LOL

RE: So Does That Mean Less Commercials?
By GotThumbs on 12/19/2013 1:59:00 PM , Rating: 2
Item 1.

Odd issue, since I can do that.

Are you viewing through your Smart TV or your computer?

I'm using a computer, so the stopping point is saved in cache.

By kattanna on 12/19/2013 4:29:36 PM , Rating: 2
its built into our blue ray player actually

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