Jan 8, 2019 - Economy & Business

Hulu tops 25 million subscribers, $1.5 billion in ad revenue in 2018

Hulu homepage. Photo curtesy of Hulu.

Hulu announced Tuesday it ended 2018 by adding 8 million subscribers, a 48% subscriber increase, to a total of more than 25 million.

Why it matters: Hulu heavily promoted discounts on Black Friday for its streaming video-on-demand package. Meanwhile, Hulu competitor Netflix had 137 million subscribers as of Q3 2018.

  • Hulu advertising revenue grew to $1.5 billion, a 50% increase in 2018.
  • The average time spent on Hulu per subscriber each month increased 20%, Hulu said.

What to watch: In 2019, Disney is teed up to take 60% ownership of Hulu through its acquisition of 20th Century Fox.

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Axios
Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 21,020,216 — Total deaths: 761,393— Total recoveries: 13,048,303 — Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 5,289,323 — Total deaths: 167,948 — Total recoveries: 1,774,648 — Total tests: 64,831,306 — Map.
  3. Health: CDC: Survivors of COVID-19 have up to three months of immunity —Fauci believes normalcy will return by "the end of 2021" with vaccine — The pandemic's toll on mental health.
  4. Business: How small businesses got stiffed — Unemployment starts moving in the right direction.
  5. Cities: Coronavirus pandemic dims NYC's annual 9/11 Tribute in Light.
  6. Politics: Biden signals fall strategy with new ads.
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Alexi McCammond
5 hours ago - Politics & Policy

Harris: "Women are going to be a priority" in Biden administration

Sen. Kamala Harris at an event in Wilmington, Del. Photo: Drew Angerer/Getty Images

In her first sit-down interview since being named Joe Biden's running mate, Sen. Kamala Harris talked about what she'll do to fight for women if elected VP, and how the Democrats are thinking about voter turnout strategies ahead of November.

What they're saying: "In a Biden-Harris administration women are going to be a priority, understanding that women have many priorities and all of them must be acknowledged," Harris told The 19th*'s Errin Haines-Whack.

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Sara Fischer
5 hours ago - Technology

Facebook goes after Apple

Illustration: Lazaro Gamio/Axios

Facebook is seeking to force a face-off with Apple over its 30% in-app purchase commission fee, which Facebook suggests hurts small businesses struggling to get by during the pandemic.

The big picture: Facebook has never publicly gone after Apple, a key strategic partner, this aggressively. Both companies face antitrust scrutiny, which in Apple's case has centered on the very fee structure Facebook is now attacking.

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