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Disney Acquires A Stake In Hulu

Disney has announced it has acquired a stake in Hulu that is thought to be as high as 30% according to the folks over at Mashable. Disney has now joined NBC Universal and News Corp. in this venture.

The momentum this gives the video site is very real as it looks to jump on a position in the market that perhaps YouTube may be too late to the game on. YouTube has just started to strike deals with the major media producers and their lineup of available programs to watch is not as impressive as Hulu’s.