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After long negotiations, ABC are becoming a stake holder in Hulu, the Internet TV company funded by NBC, Fox and Providence Equity Partners. This deal further strengthens Hulu’s position as the leading premium online TV provider, with 27 partners, and newly extended 2 years exclusivity of the main players’ content.

Hulu is proving that great content is king. The site, that was launched a little more than a year ago, has shown meteoric growth and is the third largest online video site in the US. However, as Jeff Zucker, NBC’s President,  mentioned in his NYC Media Summit interview, the site is still not profitable.

This deal has a profound effect on YouTube, the queen of video UGC. The site, which is losing hundreds of millions of dollars annually, is facing a huge challenge, that puts it in a collision course with the TV networks’ prodigy. More →