Hulu to Hit $1 Billion in Revenue by End of Year
December 18, 2013 1:35 PM
comment(s) - last by
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
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
-- 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.
This article is over a month old, voting and posting comments is disabled
RE: So Does That Mean Less Commercials?
12/19/2013 4:29:36 PM
its built into our blue ray player actually
"Game reviewers fought each other to write the most glowing coverage possible for the powerhouse Sony, MS systems. Reviewers flipped coins to see who would review the Nintendo Wii. The losers got stuck with the job." -- Andy Marken
Hulu No Longer For Sale, Receives $750 Million USD in Funding
July 15, 2013, 9:47 AM
Hulu in Talks with Buyers
March 26, 2013, 1:25 PM
Hulu Plus Launches at $7.99/Month
November 17, 2010, 10:01 AM
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
CNN Resorts to Internet Censorship to Promote Clinton Over Senator Sanders
October 15, 2015, 2:47 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Quick Note: Amazon UK Offers £10 Back on Any Order £50 or Over
August 3, 2015, 12:05 PM
Editorial: Reddit Allows Itself to be Hijacked as a Hate Platform For Racist Bigots
July 21, 2015, 6:32 PM
Mozilla and Facebook to Adobe: It's Time to Kill Flash
July 20, 2015, 6:30 PM
Most Popular Articles
iPhones May Get Curved Screens Next Year
August 24, 2016, 6:45 AM
Drones at the Airport
August 26, 2016, 5:00 AM
First Apple Computer Auctions for $815,000
August 27, 2016, 7:51 AM
5 Easy Ways to Lower Blood Pressure By Monique C. Bethell, Ph.D.
August 25, 2016, 8:00 AM
2 NEW PlayStation 4 Models - Unveiling September 7th
August 23, 2016, 6:23 AM
Latest Blog Posts
First Self-Driving Car debut on the streets of Singapore
Aug 28, 2016, 4:10 PM
Coming Soon - Drones and Airports
Aug 24, 2016, 12:40 PM
SolarCity’s Gigafactory: A Milesone in Emerging Technology by Lily Emamian - 15 August 2016
Aug 15, 2016, 6:30 AM
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information