Peter Kafka

Recent Posts by Peter Kafka

Hulu Says It Has 5 Million Paying Subscribers and a Billion-Dollar Year

Hulu has 5 million subscribers for its Hulu Plus video subscription service, the company announced today. That’s up from three million a year ago, and four million at the end of April. The company also said it generated $1 billion in revenue this year – a number that outgoing CEO Andy Forssell projected in October.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work