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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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Still not interested unless they kill the commercials
By tayb on 12/18/2013 4:12:19 PM , Rating: 3
If I pay for content I am not interested in advertising. If it is free advertise all that you want. That's it.

I'll never pay for Hulu so long as they advertise to paying customers. Same reason I won't ever pay a cable company.

I'm perfectly content with Amazon Prime and Netflix.




By sgestwicki on 12/18/2013 10:44:06 PM , Rating: 2
My wife is the only reason I pay for Hulu. I refused to pay the stupidly high price for cable so my wife said we had to subscribe to Hulu.


By Solandri on 12/19/2013 5:21:10 AM , Rating: 2
You can get HDTV over the air for free in most metropolitan areas.
http://www.antennapoint.com/
http://www.antennaweb.org/Address.aspx


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