Take that, YouTube! You may have your own little deal with Disney, but the company just announced it’s becoming a big part of Hulu—as in owning a stake.

Disney announced today that it is joining NBC Universal and News Corp. as part of the popular web video site team, which gives Hulu programming now from three of the four major networks because Disney’s ABC programming will add to the NBC and Fox offerings already available.

It was only last month that Disney’s negotiations with Google-owned YouTube reportedly included exclusivity in content streaming that would have precluded videos on Hulu. How things can change in a month. Now it looks like the ABC and ESPN content on YouTube will be small peanuts compared with the library of video additions Disney announced in becoming an equity partner in Hulu.

Nothing from ESPN is mentioned in the press release, but it’s chock full of ABC and Walt Disney Studios TV and potential movie programming. Will we be seeing the likes of “Wall-E” and “Toy Story” on Hulu? The company mentions “popular titles from the Walt Disney Studios” on its Hulu to-do list, so it’ll be interesting to see what gets plucked.

Other programming notes include:

• Current primetime hits like “Grey’s Anatomy,” “Lost,” “Ugly Betty,” “Desperate Housewives”
• Past TV series like “Commander in Chief,” “Hope and Faith,” “Who Wants to Be a Millionaire”
• ABC Family hits like “Greek” and “The Secret Life of the American Teenager”
• Disney channel offerings such as “Phineas and Ferb”
• ABC Daytime and SOAPnet staples like “General Hospital” and “The View”
• Short-form videos, webisodes and recaps from the family of networks

We’re guessing Hulu’s slowly increasing list of high-def offerings will get a Disney/ABC injection as well. Now you can open a few more hours of space on your DVR and just head to the computer monitor, or a connected TV, to catch up on some faves.

Arlen Schweiger - Managing editor of Electronic House Magazine

Arlen contributes product news items to electronichouse.com along with his role on the print publication. Got a tip? Send it along!