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Hulu, the privately held Internet streaming TV service, will generate about $695 million in revenue in 2012 and finish the year with more than 3 million paying subscribers, the company's CEO said on Monday.
Larry King is returning as a talk show host this week, with his new home the Internet. "Larry King Now" is produced by Ora TV, a new digital venture backed by Mexican billionaire Carlos Slim. Ora TV is announcing a deal to also make "Now" available through the online service Hulu and Hulu Plus.
Hulu's paid video service, Hulu Plus, will surpass one million subscribers in 2011, marking the first time the company has released stats about its premium service.
It’s been rumored for a while now that Hulu intends to launch a subscription service. The NBC/FOX/ABC online video website already has built up an audience with its impressive TV library and alien ad campaigns, but the networks have been looking to turn Hulu into a significant profit generator.