Financial Times FT.com

Disney acquires 25% stake in video site Hulu

By Matthew Garrahan in Los Angeles

Published: April 30 2009 20:34 | Last updated: April 30 2009 20:34

Walt Disney has acquired a stake in Hulu, joining News Corp, NBC Universal and Providence Equity Partners as equity holders in the online video group, which is forecast this year to overtake rival YouTube in terms of US advertising revenue.

The price was not disclosed, but a person familiar with the matter said Disney would take a 25 per cent stake in return for a “modest” cash sum, marketing support and a commitment to supply programming.

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