Disney (DIS) Joins As Partner and Equity Owner of Hulu
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Disney (NYSE: DIS) has agreed to join NBC Universal (NYSE: GE), News Corporation (NYSE: NWS) and Providence Equity Partners as a joint venture partner and equity owner of video website Hulu.
As part of the agreement, full-length episodes of hit current and library programs like Lost, Grey’s Anatomy, Desperate Housewives, Private Practice, Ugly Betty, Scrubs, Greek, Hope and Faith, Less Than Perfect, Wizards of Waverly Place, Phineas and Ferb, Who Wants To Be A Millionaire, General Hospital, The View and The Secret Life of the American Teenager will soon be streamed on Hulu on an ad-supported basis.
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