The much promised and long awaited competitor to youTube is live and public. Hulu, a joint venture between NBC Universal and Fox, now offers content from over 50 media companies. According to Fortune investors, poured $15 million into development.
The joint venture did what was thought to be impossible, united rival media companies under one platform. Hulu still did not recruit ABC and CBS, but Hulu said that they still have conversations with the two networks.
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