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Disney joins Hulu video site | Technology | Reuters

Music / Entertainment: Disney joins Hulu video site

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Gifted submitted 2009/5/1 23:10, published 2009/5/1 23:10 | 297 views
Tags: Disney, video, website, Hulu

http://www.reuters.com/article/technologyNews/idUSTRE53T50F20090501

NEW YORK (Reuters) - Walt Disney Co will buy a 30 percent stake in Hulu.com, bringing popular TV shows such as "Lost" and "Grey's Anatomy" to the video website founded by NBC Universal and News Corp.

Disney's entrance, which comes after months of negotiations, means that three of the four major U.S. broadcast networks now have stakes in Hulu: NBC, News Corp's Fox and Disney's ABC. Only CBS Corp is absent.

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