CTAM Summit 2009: Kilar: Hulu Not "Giving It Away" for Free
CEO Insists He's A Capitalist; Video Streaming Site Has A Plan.
Claire Atkinson (Broadcasting & Cable) -- Multichannel News, 10/27/2009 6:32:00 PM
Denver — Click here for more CTAM Summit 2009 coverage
Hulu CEO Jason Kilar responded to TV industry critics who complain that Hulu is undermining current models saying they haven't seen his business plan.
Talking to B&C after the closing session of the CTAM Summit here, Kilar said, "We're very bullish about the future of Hulu, we're well ahead of plan."
He wouldn't comment on whether the site was profitable, but noted, "I like to say that I'm a capitalist. We don't do this overnight. "
Hulu recently signed an upfront deal with MediaVest that transferred a couple of million dollars from the media agency's TV budget to the Web site.
Hulu is also exploring subscription areas of its service, which provides network TV content without charge to consumers.
Read the complete story at B&C here.
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