Hulu Plus Had 875K Subscribers In June

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.” (more…)

This article was printed from https://deadline.com/2011/07/hulu-plus-had-875k-subscribers-in-june-company-says-145494/