Disney Disses YouTube by Taking Content To Hulu|TopTech News
Disney will become a joint venture partner and equity owner of Hulu, taking a 30 percent stake in the YouTube competitor. Hulu will get more Disney programming, including full-length episodes of hit programs. The Disney-Hulu deal is a windfall for Hulu, but a blow for YouTube, as Hulu is succeeding in an area where YouTube has struggled.
The Walt Disney Company on Thursday announced what many analysts have been predicting: It’s buying a stake in online video-content aggregator Hulu.
Through a subsidiary of ABC Enterprises, Disney will join NBC Universal, News Corp., and Providence Equity Partners as a joint-venture partner and equity owner of Hulu. Disney is taking a 30 percent stake in the quasi-YouTube competitor.
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