New York (CNN Business) Hulu said on Wednesday that it now has 26.8 million paid subscribers on its service, with an additional 1.3 million who use promotional accounts. Hulu CEO Randy FreerNetflix NFLX The increase is a sizable one for the streaming video company. But Hulu still lags far behind , which has nearly 150 million subscribers globally , 60 million of whom are from the United States. Hulu also has a different revenue model than Netflix because it has a plan that includes commercials as well as an ad-free version. "In today's direct-to-consumer world, viewers are demanding better when it comes to TV — from the user experience to their content choices to the advertising," Randy Freer, Hulu CEO, said in a statement.

Source: CNN May 01, 2019 15:33 UTC