Hulu Revenues Up Big In 2012, Says CEO

CEO Jason Kilar took to the company blog today to announce Hulu’s results for 2012. He said the streaming service would close the year with about $695 million in revenue, up 65% over a year ago. Kilar also said that there are now over 3 million paying subscribers for the Hulu Plus Service. That is a subscriber rise of double the total paying viewers Hulu Plus had in 2011. “Hulu Plus can now be accessed from more than 320 million Internet connected devices in the U.S. (not including laptop and desktop computers),” Kilar wrote. Hulu, the CEO also went on to say, now has “more than 430 content partners, providing over 60,000 TV episodes, 2,300 TV series, and 50,000 hours of video on Hulu and Hulu Plus.” He added that Hulu invested more than $500 million in content in 2012 and also served more than 1,000 advertisers during the year, a 28% increase over 2011.  “Since the launch of Hulu in October 2007, we have generated over $1 billion for our content partners,” Kilar noted.

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