Hulu Grew Revenue 40% Last Year; Still Blocks Google TV & Boxee

Discussion in 'Off-Topic Discussion' started by CatfishRivers, Jan 12, 2012.

  1. CatfishRivers

    CatfishRivers Well-Known Member

    Apr 5, 2011
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    Hulu Grew Revenue 40% Last Year, Still Blocks Google TV & Boxee (click for full article)

    "Hulu didn't end up getting sold in 2011, but it nonetheless turned out to be a pretty big year for the premium video streaming service. Overall, the business grew by 40% over the previous year and raked in $420 million in revenue.

    That money came from a combination of ad sales and paid subscriptions to the service's Hulu Plus offering. They now have 1.5 million paying subscribers. It's a far cry from Netflix's more than 23 million paying members, but then again Hulu Plus only went live in 2010. According to Hulu CEO Jason Kilar, this is the fastest any paid video streaming service has reached 1.5 million users."

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