nealrodriguez - 3:27 pm on May 5, 2009 (gmt 0) [edited by: engine at 5:14 pm (utc) on May 5, 2009]
Disney, Newscorp and NBC each now own 27% of hulu. [washingtonpost.com]
Hulu is becoming the preferred distribution channel for the big media companies. And it is succeeding in attracting the fickle Web audience. This should worry YouTube, which is still casting about for a business model that will pay for its enormous storage and bandwidth costs. The media companies cannot ignore YouTube just yet, but by strengthening Hulu they can give it their best content first.
[edited by: engine at 5:14 pm (utc) on May 5, 2009]