Hulu, thought to become a competitor for YouTube, is a joint project of NBC and News Corp. The site allows users to view clips and full-length episodes of TV shows and movies. As expected, viewers are expected to sit tight and endure all the ads in order to watch the shows and movies

At present time Hulu is said to feature around 250 shows and about 100 feature-length films from the two studios, with more content set to come as soon as Warner Bros and Lionsgate decide to join the project.

Among the featured content one can find current hit shows like The Simpsons and The Office, as well as classics like The Incredible Hulk, Miami Vice and Buffy the Vampire Slayer. Some shows (such as Arrested Development, Firefly, and Friday Night Lights) feature every episode ever aired.

It remains to be seen whether Hulu will truly prove to be the better YouTube in the competition or not. However, do expect both NBC and News Corp to stir up some legal battles as well. YouTube has been known to take a long time before axing videos infringing on someone copyrights, and now Hulu’s backers have every reason to try and tackle the Google-owned website as hard as they can.