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Online TV Growth Approaches Critical Mass (GE, CMCSA, NWS.A, DIS, NFLX)

Photo of Jon C. Ogg
By Jon C. Ogg Published

The move to online television is growing rapidly and we have some food for thought ahead of a three-day weekend here after reflecting on the data that came out this week.  Some will argue that the move is still far too slow, and it is obvious that the pace of true convergence took far longer than expected if you consider the convergence conferences from the late 1990s and early part of the last decade. 

NBCUniversal, owned by Comcast Corporation (NASDAQ: CMCSA) and General Electric Co. (NYSE: GE), as well as News Corp. (NASDAQ: NWS.A), The Walt Disney Company (NYSE: DIS), and Providence Equity Partners is growing fast.  2011 saw a 60% revenue jump to $420 million, Hulu Plus now has over 1.5 million paying subscribers.

Reports are out in a blog post from Hulu CEO Jason Kilar….

Is it fair to ask how long it will take for it to have well over 20 million subscribers like Netflix, Inc. (NASDAQ: NFLX)?

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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