Hulu On Track To Generate $500 Million In Revenue This Year

Photo: Business Insider

Hulu is on pace to generate $500 million in revenue this year, CEO Jason Kilar revealed in a blog post tonight.He also says “the content community” will earn $300 million this year from Hulu.

Other details from Kilar’s post:

  • Hulu Plus will have over 1 million subscribers by year end.
  • Hulu worked with 289 advertisers in Q1 2011, which is up from 194 the same period a year prior.
  • On a quarter over quarter basis “initiated streams” was up 10%.

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