No word about Hulu’s effort to find a buyer. But CEO Jason Kilar offers a strong sales pitch for the company in a status report he posted online today. He says the company owned by Disney, News Corp and Comcast’s NBCUniversal is “on pace to approach half a billion in 2011 revenue.” With 875,000 customers in June paying $7.99 a month to watch streamed movies and TV shows on Hulu Plus, “we anticipate exceeding 1 million paying subscribers before the end of this summer” — a target the company originally expected to hit at year’s end. Kilar says that when ad sales are thrown in, “we proudly and profitably pay the content community approximately $8 per subscriber per month for the content offering you see today on Hulu Plus.” The CEO adds that it is able to “thrive on low margins and the unusually effective Hulu advertising service we’ve built and will continue to innovate.” About 25 million DVRs, Blu-ray players, game consoles and other devices can receive streamed videos from Hulu Plus, but Kilar says that will “grow aggressively over the balance of 2011.” He also crows about the content available on his service. Hulu Plus has 15,000 hours of programming, up 67% from November. It has 2,180 TV series, up 129%, with the addition of shows from Viacom’s MTV, Comedy Central and VH1. “We remain a team that believes in the value of convictions, thoughtful stubbornness, and the relentless pursuit of better ways,” Kilar says.
Hulu Plus Had 875K Subscribers In June
What's Hot on Deadline
More From Lieberman
- TV Land Hit By Layoffs As Viacom Consolidates And Looks To Cut Costs
- Networks Still Nagged By Weak Ad Growth As Upfront Market Approaches
- Will HBO Team Up With Apple For Online Service Launch?
- Warner Bros CEO Forecasts More Cost Cutting, Even As Studio Grows
- Netflix Looks At ‘Beasts Of No Nation’ As An Experiment
- Chase Carey: Online Video Services Are A “Big Priority” For Fox