Disney joins Providence Equity, others as Hulu investor
12:12 PM Thu, Apr 30, 2009 | Permalink
Email this author | Email this entry |
 |
Projo Biz Blog |
|
« Hasbro forms joint venture to create TV network |
Main
| Update: R.I. home prices slide more than 25 percent in first quarter »
Walt Disney Co. (DIS: NYSE) on Thursday reached a deal to become a partner in the popular Hulu Web site founded by NBC Universal and News Corp., the companies said Thursday. Among the other partners in the video Web site is Providence Equity Partners, a private equity firm that specializes in media company buyouts. The deal will put full episodes of Disney's ABC TV shows, such as "Lost," Grey's Anatomy" and "Desperate Housewives" on Hulu. "Hulu is a bright spot in the new media landscape," said Jonathan M. Nelson, founder and chief executive officer of Providence-based Providence Equity Partners. Disney is the only other media company to join as an equity partner, taking an ownership stake along with General Electric Co's (GE:NYSE) NBC Universal, News Corp., Providence Equity Partners and employees. While other media companies provide content to the Web site, none hold an equity stake. 
|
New comments
New photos
Authors
New posts
Projo blogs
Archives
Leave a comment