NEW YORK: Hulu, the online portal that streams TV shows
from ABC, NBC and Fox, has pre-launched a subscription premium service that runs
ads, similar to the free version. That’s one of 10 things Rich Greenfield
figures investors should know about. Greenfield is an analyst with BTIG
Research. He snagged a preview invitation for Hulu
Plus, which has not yet been launched to the public. A full, live launch is
anticipated in September.
“After using Hulu Plus extensively last night on a PC, Mac, iPad and iPhone in
addition to receiving dozens of questions from investors, here is what you need
to know about Hulu Plus and its implications for the online video landscape,”
Greenfield wrote at BTIG Research.
No. 1 on his list is that Hulu Plus still has ads, even though it will cost
$9.99 a month.
“The subscription fee does not eliminate ads,” he said. “The ad load appear to
be directly in line with what you expect from Hulu’s free service,” though less
than what’s on traditional TV.
Indeed, the HuluPlus home page opens with a request to “help us make Hulu’s
advertising service better” by taking a survey. The survey consists of 24
questions, most of them about mouthwash.
Greenfield’s other points about Hulu Plus included that it had limited movies,
no CBS or Viacom programming and fresher though fewer shows than Netflix. He
said there were buffering issues on 3G networks, though WiFi worked fine. Shows
also are not available on Hulu Plus until at least 24 hours after they air.
ABC, meanwhile, has a popular iPad app that reflects its content on the free
version of Hulu.
Greenfield sees Hulu Plus as more of a DVR service than a contender with
“Hulu is for TV fans who want anytime/anywhere access to broadcast TV content--people
that heard about Glee but never watched it and do not want to wait for DVD,” he
Greenfield’s complete note, “10 Things You Need to Know About Hulu Plus,” is at
Research. Free registration is required.
--Deborah D. McAdams
Previous Hulu news...
April 5, 2010: “Google Moves to
Challenge Hulu, Which Queues Up for iPad”
Google is boosting the commercial quotient of its online video business in the
direction of Hulu.com, while that site is claiming its first profit and
eyeing an iPad presence.
February 24, 2010: “Online Views of
Professionally Produced Video Grew 18 Percent in 2009”
Brands, including those associated with multimedia conglomerates such as
Comcast’s Fancast.com; Fox, NBC, ABC,
collaborators on Hulu.com and
CBS site TV.com, captured more
than 52 percent of total pro video views in 2009.
October 6, 2009: “MediaVest Moves
Millions from Broadcast to Hulu.com”
MediaVest, the ad agency that handles clients like Coca Cola, Kraft,
CapitalOne, Wendy’s and Walmart is taking money out of broadcast and into the
June 29, 2009: “Broadcasters
Generate Half of Ad-Supported Online Video Revenues”
NBC, ABC, Fox and CBS, along with Hulu.com--co-owned by the first three,
churned out 53 percent of the $448 million ad-supported online video market for
May 28, 2009: “Video:
Someone’s Got to Pay”
“In five years old guys like me will still call it ‘television,’ but it will
come from anywhere, in many formats, via many distribution channels.”
May 14, 2009: “ONLINE:
YouTube Leads in April”
April’s strong showings of Hulu, Fox, and ABC suggest that consumers are beginning
April 14, 2009: “Broadcast
TV Versus Online Shows”
Online video tracker OVGuide.com compared what people watch on
broadcast TV versus network fare viewed on the Web.
February 23, 2009: ;“Hulu
and CBS Spat”
CBS said it could stream its content anywhere it darn well pleased after online
aggregator Hulu asserted otherwise.