Disney Joins Hulu as Full Equity Partner

NEW YORK Speculation has been mounting of late that Disney and its corporate sibling ABC would begin distributing programming on the increasingly popular video hub Hulu. In a surprise turn of events, Disney has agreed to become a full-fledged, equity-owning partner in the site.

Walt Disney Co. said today that it has agreed to join NBC Universal, News Corp. and Providence Equity Partners as partners in Hulu, which has seen its audience skyrocket to become the fourth-largest video site on the Web, reaching more than 41.6

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