Hulu Company History Timeline
The name Hulu was chosen in late August 2007, when the website went live, with an announcement only and no content.
In October 2007, Hulu began the private beta testing by invitation, and later allowed users to invite friends.
The first product to launch was the HULU Syndication network, which was designed and developed by the NBC Universal team from New York, on October 29, 2007, lead by Tom Sharma, followed by the Hulu.com destinations site.
Beginning around 2007, the organization has gone through many changes.
Hulu launched for public access in the United States on March 12, 2008.
ComScore says monthly video streams reached 903 million in January 2010, over three times the figure for a year earlier, and second only to YouTube.
On August 16, 2010, a report revealed that Hulu was planning an initial public offering (IPO) which could value the company at more than $2 billion.
In 2011, Hulu attempted to sell its organization it dropped the thought because of lower than anticipated offering recommendations.
Hulu generated $420 million in revenue in 2011, $80 million short of the company's target.
In October 2012, Providence sold its 10 percent stake to "Hulu's media owners" and ceased participation in the board.
The sales of Hulu reportedly jumped over 65% in 2012 driven by subscriptions and advertising.
The vacant CEO post was officially filled by former Fox Networks President Mike Hopkins on October 17, 2013.
On August 3, 2016, Time Warner acquired 10 percent stake of Hulu.
Fox Networks Group COO Randy Freer was named CEO on October 24, 2017.
AT&T (which acquired Time Warner in 2018) sold back its roughly 10% stake the following month.
In March 2019, Disney acquired 21st Century Fox, giving it a 60% majority stake in Hulu.
On April 15, 2019, AT&T (via WarnerMedia) sold its 9.5% stake in Hulu back to the company for $1.43 billion, in order to shift its focus to its own service, HBO Max.
As of November 2019, FX and Fox Searchlight were assigned to supply Hulu with content.
The top leader at Hulu has had to report straightforwardly to The Walt Disney Television leads since 2020.
On September 7, 2021, Hulu announced that the prices of its main video on-demand and ad-free plans would increase by $1 each to $6.99 and $12.99 per-month beginning October 8.
In October 2021, Hulu president Kelly Campbell resigned, and was subsequently appointed the president of NBCUniversal's competing service Peacock.
Hulu is one of the enormous streaming features accessible in the US. As of January 2022, Hulu has a total of 45.3 million subscribers.
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