Amazon Prime Instant Video and Hulu Plus, while not exactly close companions, are performing a friendly service for Netflix by helping the relationships the streaming service provider has with studios, Netflix CEO Reed Hastings said.
Hulu announced it will close 2012 with more than 3 million paying Hulu Plus subscribers, a huge coup for the company that also offers a version of the same service, albeit with less content, for free. In a Hulu blog, Jason Kilar, CEO of the company, also announced the company would finish the year with $695 million in revenue, a more than 65 percent increase over 2011.
Which online video services made the biggest impact on consumers in 2012? As the industry expands, it's worth taking a look at some of the providers that are having the biggest impact on this young market—and what their moves might mean for the future.
Providence Equity, seeing no Hulu IPO in sight, is cashing in its chips and selling its 10 percent share in the company to partners Walt Disney Co., Comcast and News Corp. for about $200 million, multiple reports say.
More than two million subscribers will get to see Nickelodeon on their Hulu Plus service thanks to an expanded content partnership between Hulu and Nickelodeon's parent company Viacom.
Hulu Plus has jacked up the Sony PlayStation 3 (PS3) experience with what a Hulu blogger calls "a new and improved Hulu Plus experience ... designed to help you get to the shows you watch faster than ever before." Also: Martha Stewart's online debut.
Hulu saw revenues grow to $420 million in 2011, a 60 percent bump from 2010, said CEO Jason Kilar, in a blog post. He also said the content aggregator currently has more than 1.5 million customers
Following in the steps of competitor Netflix ( Nasdaq: NFLX ), Hulu is launching its own original scripted program based in the world of politics. The content service said it would debut the political
Hulu, which currently has 1.2 million subscribers to its Hulu Plus service, "will have a multiple of that this year," said Jonathan Miller, chairman and CEO of News Digital Media and chief digital
While Fox has built a wall around its content, and ABC is considering doing the same, Comcast's ( Nasdaq: CMCSA ) NBCUniversal has taken a different tack, last week making more of its content