Disney to Take Equity Stake in Broadband Video Service, Hulu

--Deal Will Allow Hulu to Significantly Expand its Programming Line-Up
The Walt Disney Company announced Thursday that, via its ABC Enterprises subsidiary, it will join NBC Universal, News Corp. (Fox) and Providence Equity Partners as a joint venture partner in and equity owner of the popular broadband video service, Hulu. The deal means that CBS is now the only major US broadcast network not involved in Hulu, which, according to recent figures from comScore is now the third-most popular broadband video site after YouTube and...

Herb Scannell Resigning as CEO of Next New Networks

Herb Scannell is resigning as CEO of broadband video company, Next
New Networks (note: the latter describes itself as "a new kind of media
company, creating micro-television networks over the Internet for
targeted communities, bringing together elements of TV programming
and Internet philosophy to allow viewers to contribute, share and
distribute content"). He will, however, retain his role as executive
chairman of the company, which has raised around $23 million in
venture capital to date. "Thus far, we've been videocentric, built our
network model, and got distribution and advertising up and running,"
Scannell wrote in a posting on his blog. "Now, I want to see us go

Hulu in Broadband Video Deals with Viacom, PBS

Hulu, the recently launched broadband video joint venture between
NBC Universal and News Corp., has secured programming deals with
Viacom and PBS. The deal with Viacom appears to be a significant
coup for the service, as it sees it offering full-length episodes of the
highly popular and younger-skewing Comedy Central satirical shows,
"The Daily Show with Jon Stewart" and "The Colbert Report," as well
as a selection of clips from those shows. The deal with PBS,
meanwhile, sees it offering such shows as "Nova," "Scientific
American Frontiers," and "Wired Science," supported by advertising.
According to Hulu, the new deals mean that it now has over 700 movie