Just a few years ago Hulu, the online television site, was something of a novelty. A lot of people knew about it and watched it, but it was just another website. That all changes this week as Hulu participates in “upfronts”. Hulu is in this position because of some staggering numbers: Revenue of $420 million …
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As 2012 rolls in…it appears the geeks have finally won. Multiple “internet-built studios” have announced they are committing big money to making movies and TV shows: Netflix – the big dog spends $2 billion annually and will spend $100 million this year on original content. Hulu – proving that ad revenues are a bankable business …
Continue reading “The new movie studios – $2.6 billion built from internet ads and online streaming”