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Hulu was started in 2007 and at launch it had no content and no viewership. In October of 2007 it then engaged in a private beta and finally in 2008 it launched into a public beta. Hulu in a very short period of time has made a significant impact on video distribution. According to comScore, 28 million people watched content on Hulu, during the month of July.
To put this into some perspective – according to comScore, for the month of July, ComCast viewership was 62 million and Time Warner came in at 34 million. Google by far is king of this New Media space with a July viewership of 8.9 billion.
So should Old Media be scared? Not yet! The problem is that content providers still make considerable revenue from traditional media distribution. Platforms like Hulu and Google still make little revenue from video distribution. I don’t see this imbalance lasting long. There just needs to be a revenue model that makes sense for content providers to make the leap over to the dark side.
