Disney joins NBC and News Corp. with stake in Hulu
By AP
Published: April 30, 2009
Published: April 30, 2009
BURBANK, Calif. — The Walt Disney Co. is taking a stake in Hulu.com. This means titles from The Walt Disney Studios library of films and full-length episodes of ABC television shows will join the online video site.
Disney joins NBC Universal, News Corp. and private equity firm Providence Equity Partners, who own Hulu in a joint venture.
Disney said Chief Executive Robert Iger, Disney/ABC Television Group President Anne Sweeney and Kevin Mayer, a Disney senior vice president, will join Hulu’s board.
Financial terms were not disclosed.
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Disney hitching their wagon to NBC, Walt is rolling in his grave.
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