Hulu Announces Adding 1 Million Paid Subscribers In Q1 2013; Streamed Over 1 Billion Videos
At today’s Hulu Upfront, the company offered an update on its online TV business, sharing that it had set records for revenue in Q1 2013, and had achieved a new milestone of having streamed over 1 billion videos in the quarter. Hulu’s paid, subscription-based business has grown as well, having doubled over the course of 2012. As of Q1 2013, Hulu Plus, as the premium subscription business is known, passed 4 million subscribers up from 3 million in Q4 2012, and was also setting records for new subscriber additions, the company stated. A significant portion of this growth is coming from mobile, as consumers are switching away from the desktop to watch Hulu’s content on their portable devices, like smartphones and tablets. In 2013 to 2014, Hulu estimates that mobile viewing will account for 15 percent of the video views on its network, despite having been a nonexistent business only two years ago. (Hulu was launched out of beta back in November 2010, originally on the desktop). However, ...
Apple's Pile Of Cash Is Still Growing, Up 6% To $145 Billion
Apple now has $145 billion in cash on hand — a 5.8 percent increase over the past three months. The company last reported that they had $137.1 billion in cash back on December 30. To put this into perspective, with $140 million, you can produce the movie Spider-Man. Apple has enough money to produce a thousand blockbusters. Apple could use its cash to acquire some companies. But with more than $145,000,000,000, you can acquire a lot of companies. For example, Facebook’s market capitalization is only $61.89 billion. If Apple would use all of its cash to acquire Facebook, it would still pay a nice premium. With $9.5 billion in profit and little operating expenses, Apple’s cash will likely grow over the next three months. Yet, Apple doesn’t seem to be ready to use its cash on hand (short-term investments). Now that Apple is handing out dividends, its cash is one of the remaining issues with investors. Shareholders wants Apple to actually use this cash for something — acquisitions, ...
Credit Scorer Kreditech Raises ‘Around $3.5M' From Samwers And Others
Last month Oliver and Marc Samwer — founders of the Rocket Internet startup incubator — launched Global Founders Capital, a new €150 million ($194 million) fund aimed at any and all startups worldwide. This month one of the first startups to benefit from that will be credit scoring startup Kreditech which has raised an undisclosed amount said to be "low to mid 7 digits". We've heard USD$3.5 / EUR€3 million. This is in addition to the $4M is raised at the end of last year. Kreditech is live in the Czech Republic, Spain and Poland but, according to co-founder Felix Haas, will also soon launch in Russia, Mexico, Australia, Argentinia, Ukraine and Kazakhstan with its Kredito24 brand, which is not at all dissimilar to the UK's Wonga.
Samsung Expects 1Q2013 Earnings Of $7.7B, Up 53% Thanks To Smartphone Sales
Samsung said that it expects to post first quarter operating profit of about 8.7 trillion won ($7.7 billion USD), up 53 percent from the 5.7 trillion won operating profit it earned a year earlier. The South Korean tech giant also said that its sales likely rose to between 51 trillion won and 53 trillion won from 45.3 trillion won a year earlier. Sales of its more than 30 smartphones models helped increase shipments to a record high in the first quarter despite the post-holiday shopping slump that hit rival Apple. Five analysts cited by Reuters said that Samsung likely shipped 68 million to 70 million smartphones, up from 63 million in the fourth quarter of 2012. In comparison, iPhone shipments likely fell 30 percent to the 30 million range from 47.8 million in the fourth quarter, the analysts said. Earnings have grown on sales of the Galaxy S and Note series, but analyst Lee Sun-tae of NH Investment & Securities told Reuters that Samsung will probably begin to rely increasingly on mid-tier ...
Is That 2010 Calling? Daily Deals Aggregator Bownty Raises $1.1 Million
If you can't beat 'em, aggregate 'em. That was my take in late 2010 when a host of daily deal aggregators sprang up at the height of the whole Groupon-clone thing. So you'll be forgiven if this post reeks of déjà vu for you, too. Bownty, the Denmark-based daily deal aggregator, which currently targets the UK, France, Spain, Germany and Denmark, has raised $1.1 million in new funding from Danish SEED Capital, and Accelerace Invest, the startup accelerator and investment programme.