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Hulu Hits $1 Billion In Revenues

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Los Angeles-based streaming television site Hulu said Wednesday that it will reach $1 billion in revenue this year, up from the $695M in revenues it had in 2012, and also now has 5 million subscribers on its Hulu Plus premium service, six years after the company''s launch in 2008. READ MORE>>.

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Fandango: Best Year Ever

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Los Angeles-based Fandango , the online and mobile movie ticketing service which is a unit of NBCUniversal, said today that its 2012 was its "best year in company history". Fandango said it was seeing around 41 million monthly unique online and mobile visitors in its peak months of 2012. Fandango is run by Paul Yanover. READ MORE>>.

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Hulu To Tap Forssell As Acting CEO

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According to Kilar, Forssell helped grow the company from 2 content partners and no revenue to over 450 content partners and approximately $700 million revenue in 2012. Kilar also said that Disney and News Corporation are still working on "forward-looking plans" with the site. READ MORE>>.

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Hulu Revenue Rise To $695M; Tops 3M Paying Subscribers

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Hulu , the online video streaming site headed by Jason Kilar, detailed its 2012 numbers today, saying that it will close the year with approximately $695M in revenues, a growth of over 65% since 2011.

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Disney, YouTube Link In Original Video Effort

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Glendale-based Disney Interactive Media and online video sharing site YouTube , which is part of Google, announced today that they are spending up to $15M on developing original videos series. The content will be produced by Disney and distributed via YouTube and Disney.com.

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GotCast Launches Casting For Mercedes-Benz

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Santa Monica-based GotCast , the online casting site headed by Alec Shankman, said today that it has launched a new social media campaign with Mercedes-Benz. Financial terms of the deal were not disclosed. Deadline in the casting is December 23rd. READ MORE>>.

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Fandango Claims Record Sales In May

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The company said it saw a 47 percent, year-over-year increase in its ticket sales, plus a 29 percent year-over-year increase in monthly visitors, totaling 34 million in May of 2012. Fandango is owned by Comcast, which acquired the movie site back in 2007. READ MORE>>.

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