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For instance, Canada and the UK alone have a third of the US population (and FWIW, as of a year or so ago, Canada had a 10% higher broadband penetration and the UK was about the same as the US)... add in Japan and that's 3/4 the population - and I certainly seem to see a lot of Japanese vids in the top 100 on Youtube.
So unless Hulu can go international like Youtube, then they're limited to only about a 20th of the world's population - albeit to one of the highest tech'd countries.
- Steve