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NBC and News Corp name their YouTube competitor Hulu

huluNBC and News Corp are getting ready to answer an age old question: do people really go to YouTube to watch user-uploaded videos of cats doing stupid things or to watch illegally uploaded snippets of The Colbert Report?

The two networks are teaming up to launch a YouTube competitor that will focus primarily on professional content including content from NBC and News Corp shows. Today, the new site got a name: Hulu. As an acronym, it doesn't seem to stand for anything, but it's "short, easy to spell, easy to pronounce, and rhymes with itself." Because that's what we've been looking for in an online video site.

Hulu is currently accepting e-mail addresses of anyone interested in signing up for a private beta, which is set to launch in October.

Tags: fox, hulu, nbc, news corp, NewsCorp

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