Universal’s Hulu is a huge success both in terms of subscribed users and also in terms of revenues for the company.
As of now, Hulu is offering video-on-demand streaming of movies and tv shows and this content can be viewed for free over the Internet. Profits to Universal come from advertisement from various companies.
Universal is now looking into offering the same service but this time it would be focused on the music industry. From cNet: The new venture would offer professionally produced music videos as well as other original programming that features the label’s artists.