Hulu, the popular video streaming service, is selling their Japanese subsidiary to Nippon TV. Hulu launched in Japan in 2011. Hulu Japan grabbed over 13,000 video assets from 50 content partners. Hulu launched internationally in Japan first, but did not really go anywhere else from there. Hulu decided that their Japanese division was not vital to their long-term plans.
Sony announced that they are releasing a documentary for Gran Turismo called ”KAZ: Pushing the Virtual Divide.” The documentary was scheduled for January 22, 2014 and will be available on Hulu.com. The documentary is named after Gran Turismo franchise creator Kazunori Yamauchi. The documentary will show historical footage with “never before told stories” from experts in the gaming industry. The documentary was directed by Tamir Moscovici. Anthony Arendt, the cinematographer of Avatar, filmed the documentary. The documentary is being released as part of the 15th anniversary of the Gran Turismo series. Below is a trailer of the documentary:
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Hulu, the popular video streaming service, is supposed to hit $1 billion in revenues for the year 2013. That is up from $695 million in 2012. This is very impressive considering that Hulu launched out of beta in 2008. Hulu depends on advertising and subscribers for their income. Hulu hit 5 million paid subscriptions in early 2013 and there are over 1,000 advertisers on the website.
Elaine Paul has been named the new chief financial officer of Hulu. Paul will be replacing Tom Fuelling. Fuelling was at Hulu since 2007. Paul used to be the SVP of Corporate Strategy at Disney and she also worked at the Walt Disney Internet Group. Paul oversaw Disney’s investment in Hulu back in 2009.
Hulu is close to naming Fox executive Mike Hopkins as the CEO of the company, according to sources with Bloomberg. Hopkins’ position is currently the president of distribution at Fox Networks. He will be replacing Hulu acting CEO Andy Forssell. Hopkins is experienced in negotiating with pay TV services.
Google has added the Hulu app to the Chromecast Web TV gadgets. Hulu Plus with support for the Chromecast can be downloaded through Google Play now. You will need to have a Hulu Plus account to have the app work on the $35 Chromecast device. However, you can still stream the Hulu service for free through a web browser through the Chromecast. However, Google points out that the best way to stream content is through official apps.
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