Hulu video site's revenue will reach $1 billion in 2013

LOS ANGELES (Reuters) - Revenue from video streaming website Hulu will reach $1 billion in 2013, up from $695 million in 2012, Chief Executive Officer Mike Hopkins said on the company's blog on Wednesday.

Earlier this year, Hulu reached 5 million subscribers, Hopkins said. The company is owned by Walt Disney Co, Twenty-First Century Fox Inc and Comcast Corp.

(Reporting by Lisa Richwine; Editing by Lisa Von Ahn)