Santa Monica's Newest Tenant?
Add online video-streamer Hulu to the growing list of big-name companies leasing office space in Santa Monica.
Hulu's residency in Santa Monica was rumored in June when the Hollywood Reporter published a story about creative office space being in demand on the Westside. It was confirmed this week by the city's Economic Development division in an interview with the Santa Monica LookOut.
"We're delighted by it because [Hulu is] bringing lots of jobs into the City," Santa Monica's Economic Development Administrator Jennifer Taylor told the online news source.
At the northern tip of Silicon Beach, Santa Monica already boasts an impressive roster of technology and Internet companies that include Yahoo!, Demand Media and AOL (Patch's parent company), and arguably lesser-known names such as Realtime and Digiboo. This list of entertainment companies with offices and headquarters here is equally formidable: MTV, Lionsgate and CBS Television Distribution, for example.
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According to the LookOut, Hulu is moving into a nearly 100,000-square-foot office space in the Colorado Center, formerly called the Yahoo! Center. In 2011, the Internet company reportedly made $420 million in revenue and boasted 1.5 million paying subscribers.
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