The popular video streaming site Hulu now has over 1 million paying subscribers, its CEO Jason Kilar confirmed to Goldman Sachs investors, reportedReuterson Wednesday.
Kilar had forecast this milestone earlier this year and says that the site has now reached one million and is on its way to exceed that. Hulu launched its subscription service just under a year ago and he has said that it will pull in over 500$ million in revenue this year.
Kilar said that the site will invest $375 million or more in content this year.
Hulu began by offering content from its owners News Corp, Walt Disney co and NBC Universal. Kilar says that it is working on getting content from more providers and sais that he is “cautiously optimistic that we’ll work with everyone over time.”
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He had little bad to say about the owners of Hulu, whoput up the company for saleearlier this year, sparking rumors of offers from everyone fromGoogletoApple. Hulu has continued to improve its various products, recentlyreinstatingthe HDMI mirroring capabilities of its Hulu Plus app for iPad as well as offering the app onseveral Android devices.
Story byMatthew Panzarino
Matthew Panzarino was Managing Editor at TNW. He’s no longer with the company, but you can follow him on Twitter.(show all)Matthew Panzarino was Managing Editor at TNW. He’s no longer with the company, but you can follow him onTwitter.
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