The video-streaming service Hulu reported that revenue rose 60 percent last year and said its subscriber base now numbers 1.5 million.
Impressive, right? Hold on just a second.
As Hulu CEO Jason Kilar put it in a post on Hulu's blog:
We grew the business 60 percent from 2010 to approximately $420 million in revenue. We exceeded our plan despite the soft advertising market (economy) in the second half of 2011.... Hulu Plus now has more than 1.5 million paying subscribers. But let's put that into context. Hulu Plus is a subscription service that charges $7.… Read more