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Disney Buys 30% Stake in Hulu, ABC Shows Coming Soon
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by Jarrett Martineau | April 30, 2009 at 09:43 am
174 views | 10 Recommendations | 1 comment
Disney Corp has purchased a 30% stake in Hulu.com — a move that will make Disney-owned ABC television shows like Lost and Grey's Anatomy available on the increasingly popular online video site.
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Hulu recently became the third most popular site for web video in the United States, surpassing Yahoo, as it gained more than 10 million new viewers in the month of March.
Disney’s approximately 30% stake in Hulu will be comparable to that of NBC and News Corp, which bankrolled the site initially. Disney said popular shows like Lost and Grey’s Anatomy would be available, along with programs from ABC Family, SOAPnet and Walt Disney Studios.
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Edmund Jenks
Los Angeles, California, United States
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at 10:07 on April 30th, 2009
This is great for HULU!