January 15, 2012 in Business

Hulu hits milestone

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LOS ANGELES – Hulu Plus, the online subscription service owned by major broadcast networks ABC, Fox and NBC, reached a milestone at the end of the year with 1.5 million paying subscribers.

Its CEO, Jason Kilar, also brought in the new year with a comment his broadcast TV owners might not want to hear: that he believes online viewing will ultimately surpass TV as the primary way people watch their shows.

Hulu Plus lets subscribers stream a range of current shows including “Community” and “Grimm” plus a large catalog of full seasons of back episodes of many other shows for $8 a month.

The episodes still come with advertising, but less than on regular TV. Hulu Plus can be viewed on smartphones, tablets, computers and game consoles as well as Internet-connected TVs.

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