Why YouTube's MGM Deal Doesn't Threaten Hulu

YouTube would like to be a player in long-form video, because viewers seem to like watching TV and film online and because advertisers consider those viewers valuable. Witness the NBC Universal-News Corp. joint venture, Hulu, which has amassed a significant audience for TV on the web but, more importantly, significant ad dollars. But if YouTube's recent deals with CBS, Lionsgate and now MGM are any indication, Hulu has nothing to worry about.

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