LOS ANGELES (Reuters) - Walt Disney Co, Twenty-First Century Fox Inc and Comcast's NBCUniversal said on Friday they decided to keep their video streaming website Hulu and will invest $750 million to help it grow. Full story
Disney, 21st Century Fox and NBCU will maintain their respective ownership positions in Hulu, reports CNBC's Josh Lipton; and Julia Boorstin thinks the media companies really want to help make Hulu an independent and strong company.
The annual Allen & Company media and technology conference is underway in Idaho where high profile business and political leaders will meet to talk deals. Top on the list? Who will acquire Hulu, reports CNBC's Julia Boorstin.
Streaming video over the Internet has become a disruptive technology that's changing the world. Netflix and Hulu are just 2 of the major players in the space, with Jason Bazinet, Citi Cable.