New York
– Hulu, the video portal joint venture between NBC Universal (NYSE: GE), News Corp. (NYSE: NWS) and
Disney (NYSE: DIS), generated $100 million in revenue in 2009 and has posted profits in the
last two quarters, CEO Jason Kilar told The New York Times.
The positive
financial numbers come amid an environment where networks and studios
"want Hulu to earn more advertising dollars and set up a subscription
service, asking consumers to pay a monthly fee to watch at least some of the
shows on the site," The Times reported.
Recently, Viacom took the drastic
step of removing its popular Comedy Central programs "The Daily Show"
and "The Colbert Report" from Hulu.
"We’re certainly open to
subscriptions as a complement to an ad-supported model," Kilar told The
Times.
Related Links:
http://www.nytimes.com/2010/04/01/technology/01hulu.html
