Hulu revenue up to $695M; 3 million subscribers

Dec 17, 2012

(AP)—Online video service Hulu says revenue this year will grow about 65 percent to $695 million.

Hulu says it has more than doubled the number of subscribers who pay $8 a month for Hulu Plus. The figure now exceeds 3 million. Hulu Plus gives users a broader selection of back episodes and access over mobile devices, game consoles and Internet-connected TVs. Both free and paid versions of Hulu come with ads.

In a blog post, Hulu CEO Jason Kilar said Monday that the service has spent $500 million on content this year, boosting the number of titles it offers by 40 percent. Hulu also debuted its first scripted original series, "Battleground," this year.

Hulu is owned by the parent companies of broadcasters ABC, NBC and Fox.

Explore further: Older CBS shows coming to pay service Hulu Plus

More information: Hulu blog post: blog.hulu.com/2012/12/17/a-big-2012

Related Stories

Hulu to launch first original scripted show

Jan 16, 2012

(AP) -- Hulu will broadcast its first original scripted series next month, a political comedy that will debut during the real-life Republican presidential primary.

Older CBS shows coming to pay service Hulu Plus

Nov 05, 2012

(AP)—Older CBS shows like "Medium" and "Numb3rs" are coming to the $8-per-month online video service Hulu Plus.

Hulu mulls putting itself up for sale

Jun 22, 2011

(AP) -- Online video service Hulu is exploring putting itself up for sale after receiving an unsolicited takeover offer, people familiar with the matter said Tuesday.

Hulu officially launches pay service, cuts price

Nov 17, 2010

(AP) -- Online video site Hulu formally launched its premium streaming service Wednesday and cut the price to $8 a month.

Hulu jumps into original programming with Spurlock

Aug 03, 2011

(AP) -- Hulu, the online video service that primarily shows reruns from major broadcasters, is getting into the business of original programming.

No IPO for Hulu for now: report

Dec 21, 2010

US online video entertainment site Hulu has decided not to go public for now and may examine other financing options, The Wall Street Journal reported late Monday.

Recommended for you

Microsoft mulled buying Nokia unit

4 hours ago

Microsoft was in talks to boost its position in the mobile phone market by buying the devices business from Nokia but failed to seal a deal, the Wall Street Journal reported Wednesday.

Leading 3-D printer firms to merge in $403M deal (Update)

4 hours ago

Stratasys, a leading maker of 3-D printers, is buying another 3-D printer manufacturer, MakerBot, for $403 million in stock.

Car quality dinged by tech glitches, survey finds

5 hours ago

Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail.

Apple TV adds HBO Go, WatchESPN to line up

11 hours ago

Apple on Wednesday added HBO GO and WatchESPN to the line-up of programming available on its Apple TV devices that stream shows from the Internet to living room screens.

United Tech sees possible impact from court order (Update)

12 hours ago

United Technologies Corp. says a federal court ordering it to pay $473 million plus interest to compensate for alleged fraud in its sale of fighter jet engines could cut revenue and profit.

Alcatel-Lucent plans overhaul, big cost cuts (Update)

15 hours ago

Telecommunications equipment manufacturer Alcatel-Lucent launched a major effort Wednesday to boost its fortunes by shedding businesses and jobs as part of a deep cost cutting program.

User comments : 0

More news stories

Multiview 3-D photography made simple

Computational photography is the use of clever light-gathering tricks and sophisticated algorithms to extract more information from the visual environment than traditional cameras can.

Tech companies eye security that goes beyond passwords

In late February, a thief or thieves cracked into Evernote's digital vault filled with log-ins, passwords and email addresses belonging to 50 million users. It was a shocking cyberattack considering the Redwood City, Calif., ...

Leading 3-D printer firms to merge in $403M deal (Update)

Stratasys, a leading maker of 3-D printers, is buying another 3-D printer manufacturer, MakerBot, for $403 million in stock.

CIA faulted for choosing Amazon over IBM on cloud contract

The CIA selected Amazon over IBM to build a cloud computing service for the spy agency even though IBM's proposal carried a lower price tag, according to a government report.

Internet balloons to benefit small business, Google says

Google's plans to beam the Internet from giant balloons sent to the stratosphere could boost small businesses in rural parts of Asia by connecting them online, the company said on Wednesday.

Research says Mars had oxygen-rich atmosphere 4000 million years ago

Differences between Martian meteorites and rocks examined by a NASA rover can be explained if Mars had an oxygen-rich atmosphere 4000 million years ago—well before the rise of atmospheric oxygen on Earth ...

Efficient signal transmission at sensory system synapses

(Medical Xpress)—Neurophysiologist like to think of neurons as communicating with spikes. If that were the whole story, it might be possible to imagine spike codes which could then be used to estimate the ...

Cheap, color, holographic video: Better holographic video displays

Today in the journal Nature, researchers at MIT's Media Lab report a new approach to generating holograms that could lead to color holographic-video displays that are much cheaper to manufacture than today' ...

First entanglement between light and optical atomic coherence

Using clouds of ultra-cold atoms and a pair of lasers operating at optical wavelengths, researchers have reached a quantum network milestone: entangling light with an optical atomic coherence composed of ...

Billion-pixel view of Mars comes from Curiosity rover

(Phys.org) —A billion-pixel view from the surface of Mars, from NASA's Mars rover Curiosity, offers armchair explorers a way to examine one part of the Red Planet in great detail.