While Hulu, the joint video venture formed by NBC Universal and News Corp., plays catchup to YouTube in terms of views, attracting only a fraction of the 81 million people who visit YouTube each month, it still managed to generate nearly the same revenue in its first year in business, according to reports. How?
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After over a year of development, testing and refining, online video service Hulu launches Wednesday and viewers will get to chance to see if it lives up to all the hullabaloo.
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HULU Offers Free Streams of Hit TV Shows, Movies and Clips from More Than 50 Providers Including FOX, NBC Universal, Metro-Goldwyn-Mayer Studios Inc. and Sony Pictures Television. HULU.com also announces New Licensing Deals with the Warner Bros. Television Group, Lionsgate, NBA, NHL and more.
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The long awaited and talked about Youtube rival, Hulu, is finally here, or at least for some it is, as News Corporation and NBC began testing their site publicly Monday.
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