From DailyTech: Hulu mentioned in October that it could reach $1 billion in revenue by the end of the year, and it looks like the video streaming company has hit its target.
According to Hulu CEO Mike Hopkins, who blogged about the company's 2013 stats today, Hulu will achieve $1 billion in revenue by the end of the year -- which is a nice leap from $695 million in 2012.
"When you think about the fact that Hulu first launched out of beta in 2008, it’s quite an impressive feat to scale the business from zero to $1 billion over the course of just six years," wrote Hopkins.
He went on to say that Hulu Plus -- the company's paid subscription service -- reached 5 million subscribers this year with about 50 percent streaming exclusively on devices and living room viewing accounting for over half of content consumption.
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