Hulu plans to pony up more cash for content in 2012; Netflix faces class action suit… again

More news from Fierce:    

> Netflix is facing a class action suit from a group of shareholders that say the company concealed negative subscription trends and put out false and misleading statements. Article

> Hulu saw revenues grow to $420 million in 2011, a 60 percent bump from 2010, and counted 1.5 million customers for its premium service, Hulu Plus. In 2012, Hulu plans to spend some $500 million on content acquisition. Article

> LG Electronics may be first in line for the next release of Google TV software, according to a report from Bloomberg. Article

> Boxee will give you the ability to share what you're watching straight to Facebook with a new expansion of the integration of the service into its software. Article

> YouTube is seeing new channels launch everyday, thanks to its push for original content partners, and one of the latest is Reuters TV. The channel will offer 10 programs devoted to news and analysis, and will cover breaking events, finance, politics, technology, and special investigations. Article

> YouTube has agreed to modify its terms of service to help state government agencies with a fast adoption and safer usage of the popular video posting website. Article

> Hulu, which currently has 1.2 million subscribers to its Hulu Plus service, "will have a multiple of that this year," said Jonathan Miller, chairman and CEO of News Digital Media. Article

> Snapstream is finally making its TV search capabilities available to Mac users, with a Web-based video player and Mac client that will let its customers search, view and clip live and recorded TV feeds. That could increase its potential customer base, while making its existing base happier. Article

> Set-top vendor Pace has been chosen by Israeli DTH operator Yes to deploy a new HD platform. Article

> Comcast announced that it is conducting a trial of its AnyPlay device developed by Motorola -- which transcodes live TV content for wireless delivery to tablets and other displays -- in Denver and Nashville, Tenn. Article

> Shadman Zafar, who previously headed product development for Verizon Communications, has moved into a new role as chief technology officer overseeing the joint venture with Comcast, Time Warner Cable, Cox Communications and Bright House Networks. Article

And finally... Facebook is hosting an app that lets you deliver your last words from beyond the grave. The third-party app called "If I die" lets users record a video or text message that will only be published in the event of your death. Article

Suggested Articles

Alan Wolk, co-founder and lead analyst at TV[R]EV, looks at the new NFL season streaming plan and HBO's content giveaway during the pandemic.

Altice USA is giving premium pay to its customer-interfacing employees during the coronavirus crisis, but not all cable technicians will qualify.

T-Mobile this week wrapped up the lengthy process of acquiring Sprint. With the deal done, the company may pick up where it left off on video.