Some news has been rolling around on the good old Interwebs and so I thought I would again accumulate it all into one tidy little bite-sized package for you to consume with your morning coffee. It involves our favorites: Hulu, Boxee, TiVo and more. So click the remote and get ready to roll.
Hulu Expects Boom Year
We hope that boom won’t be the sound of the online video service imploding under strained relations with the partners that own it as things haven’t been exactly rosy of late. Still, they’re rather optimistic about the upcoming year. They say they’ll pull over $500M in revenue from ads and subscriptions (and might even get some of it from me later this year). It’s ninety-odd percent over 2010’s $263M.
They certainly have been growing well even with the obstacles placed in front of them by their own parents, they’ve got 627 advertisers and 250 content partners. Not too shabby for just a few years in the biz. Jason Kilar, the Hulu CEO, recently stated that while the Internet takes 28% of our time, it only accounts for 13% of ad dollars per year and that is a gap that is set to close. If we’re lucky it will not mean twice as many ads on our online video content.
Boxee Gets More Cash
They just keep growing and growing…and growing. Heck, they might even have won the comparison with Roku, Google TV and Apple TV I did earlier in the year. That might even be the way I watch my aforementioned Hulu Plus subscription later this year.
So it should come as no surprise that they’ve pocketed more cash to continue operations. Part of that might have to do with the fact that the Boxee Box is now available (yippee! Yippee? I’m ambivalent). They just grabbed up two fistfuls of cash totaling $16.5M. I wish my fists were that big! Boxee plans to use the new funding to grow the product development team, to add more content, and to sign up more partners to create Boxee devices. Nice! How about I introduce you to some cool computer gaming PC makers who might add some geek chic?
If they can manage to keep expanding, not just the company, but the capabilities of the software, they could start pulling ahead of the competition even further (as I believe they might be in the lead already). This could spell disaster for Google TV and Roku and a minor annoyance for Apple because we know you Apple fans will buy up whatever they place in front of you. Heck, even I’m considering an iPad 2 later this year (would make a great birthday present in August, hint..hint).
TiVo Takes a Hit to the Chops
By chops I mean pocketbook, since money = mouth at times. It seems that they’ve lost even more money than they were hoping to. That doesn’t sound good for them. Maybe Boxee could pick them up cheap… just sayin’.
They not only lost $34.4 million, or 30 cents a share, revenue also dropped 19% and they lost 223,000 subscribers. That’s almost twice as many as the year before. Ouch! They topped their own predictions which were as high as $34M, sorry guys.$32 million to $34 million on service-and-technology revenue of $40 million to $42 million.
Why would Boxee want to buy TiVo? Well, they’ve still got some subscribers, right? They could roll TiVo into the new Boxee Boxes and replace them for the subscribers, free of charge. That would go a long way towards building some brand loyalty and give them a wider user base.
Might get it cheap if they lose their patent suits against Dish Network Corp. and EchoStar Corp. or if they lose the suit brought against them recently for the same thing by Motorola Mobility Holdings Inc.
Heck, maybe even Google could use the DVR technology for a new version of Google TV boxes.
Now get out of here you crazy kids and get to work!