Hulu CEO Jason Kilar just posted a recap of the online content business in 2011, and revealed that Hulu’s revenue grew 60% from 2010 to approximately $420 million. While the growth is a good sign, this is less that the $500 million expected for the year.
Kilar says that Hulu Plus now has more than 1.5 million paying subscribers and is attracting more than 2 times the number of subscribers each day when compared to this time last year. Hulu continues to expect that its subscription services will account for more than half of Hulu’s overall business later this year.
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A new study by Yahoo (embedded below) shows that online video watching habits are shifting. People are watching longer videos and watching more at night during primetime. The chart above shows when people watch videos online. The blue line is today (2011) and the dotted line is two years ago (2009). The two lines show more than a 30 percent divergence during primetime.
So what changed? Peak online video viewing today is during prime time, between 6 PM and 9 PM. Only two years ago, prime time showed the biggest dip in online video viewing as people turned off their computers and turned on their TVs. But now, more people are streaming TV shows and movies from services like Netflix and Hulu, and they tend to watch those videos during the same time period they previously watched regular TV. While people may not yet be cord cutting, this data suggests that online watching does encroach upon regular cable and satellite TV watching. → Read More
Tired of not being able to get your on-the-go Modern Family fix from Hulu just because you’re rockin’ an Android phone rather than an iPhone? Fret no longer! Hulu Plus for Android has arrived. Sort of. → Read More
Interesting story breaking that Yahoo put an unsolicited bid in to acquire Hulu. For all I know it’s completely true. But I’ve just received an unsolicited message from a source close to Yahoo that says it’s completely untrue (probably because of all my digging the last week on this Yahoo story).
Yahoo hasn’t had any meaningful conversations with Hulu about a buyout, says this source. The source added that Hulu is actively looking for a buyer and has hired Morgan Stanley to represent them.
Like I said, this is all I’ve got right now. The WSJ and the LA Times say they have sources confirming that Yahoo made an offer. With big acquisitions the press is a huge pawn in negotiating strategy. The one thing I’d like to know is who’s the source for the LA Times article. If that source is close to Hulu or Morgan Stanley, I’d be wary. Of course, my source has her own agenda, too. → Read More
Two weeks after Miramax announced a major content deal with Netflix, the studio this morning announced that it has also struck a multi-year agreement with Hulu to bring hundreds of films, including Pulp Fiction, Good Will Hunting, Scream and The English Patient to Hulu Plus subscribers. Hulu will offer select films via the advertising-supported Hulu.com service to boot.
Launching today, Hulu Plus subscribers will be able to watch Miramax movies in HD (when available), with no advertising interruption. → Read More
You’ve waited for it. You’ve prayed for it. You’ve spilled the blood of countless sacrificial chickens for it. And now it’s here: Hulu Plus for Xbox 360. The service is launching tomorrow and you’re basically getting the Hulu interface with which you’re familiar plus a few Kinect add-ons including voice control and gestures. With sufficient bandwidth you also get high-quality streaming on what Microsoft is calling the “biggest screen in your house.” The service will be available for free from April 29 – May 6 and will thereafter cost $7.99 a month. Click through for more info on the service, including some words about Kintect interaction. → Read More
By the end of this year, an estimated 2 million households in the U.S. will have abandoned TV for the Web, cutting the cord with their cable companies. This estimate comes from Convergence Consulting Group, a Toronto-based research firm with a new report on The Battle for the American Couch Potato. That 2 million is up from the 1.6 million it was estimating a year ago, but it is still rather small and the number of cord cutters may very well have peaked last year as cable companies begin to fight back with TV Everywhere offerings.
Nevertheless, the big beneficiaries of cord cutting are Netflix, Hulu, and Apple TV. They benefit even if people keep their cable but add Internet TV streaming or downloads to their viewing repertoire, as is much more common. According to Convergence , 18 percent of viewers in the U.S. watched free, full episodes of TV on the Web last year, and that is growing by a percentage point every year: → Read More
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