Hulu at 1.5M Paying Subscribers Says C.E.O.

Hulu, the online television streaming service owned by NBCUniversal, News Corp., The Walt Disney Company and Providence Equity Partners, now has 1.5 million paying subscribers for its premium “Hulu Plus” service, according to a blog post by Chief Executive Jason Kilar. That’s a jump from roughly 300,000 paying subscribers in the fourth quarter of 2010. Kilar went on to say that the company grew 60% from 2010 to approximately $420 million in revenue. In spite of Hulu’s advances, Netflix still holds a strong the lead in the online television space, with a reported 23.8 million subscribers.

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