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LOS ANGELES – Disney movies and ABC TV shows will be available on Hulu.com now that Walt Disney Co. is taking an equity stake in the popular video streaming site, joining its founders, NBC Universal and News Corp.
The deal announced Thursday will bring older Disney movies to the site, along with ABC and Disney Channel shows such as "Lost," "Grey's Anatomy" and "Wizards of Waverly Place" after they run on TV.
Disney hopes to gain new viewers that it does not already capture on ABC.com and pick up new income from sharing ad revenue on Hulu.