Hulu video site's revenue will reach $1 billion in 2013

LOS ANGELES Wed Dec 18, 2013 11:55am EST

LOS ANGELES Dec 18 (Reuters) - Revenue from video streaming website Hulu will reach $1 billion in 2013, up from $695 million in 2012, Chief Executive Officer Mike Hopkins said on the company's blog on Wednesday.

Earlier this year, Hulu reached 5 million subscribers, Hopkins said. The company is owned by Walt Disney Co, Twenty-First Century Fox Inc and Comcast Corp .

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