Hulu?s 2011 Revenue Grew 60 Percent To $420M, Will Invest $500M In New Content This Year

Hulu CEO Jason Kilar just posted a recap of the online content business in 2011, and revealed that Hulu's revenue grew 60% from 2010 to approximately $420 million. While the growth is a good sign, this is less that the $500 million expected for the year. Kilar says that Hulu Plus now has more than 1.5 million paying subscribers and is attracting more than 2 times the number of subscribers each day when compared to this time last year. Hulu continues to expect that its subscription services will account for more than half of Hulu?s overall business later this year.

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