Source: Variety

Five topper Dawn Airey has warned that unless British broadcasters form alliances similar to that between Fox and NBC that created Hulu the local TV industry is “staring into the abyss.”

Airey, CEO and chairman of the commercial web, said: “Hulu is the biggest success story of the web over the past 12 months. And why has it succeeded? Because three ferociously competitive global media players—Fox, NBC Universal and now Disney-ABC—are grown up enough to know that there is a time to compete and fight likes rats in a sack for audience share and there is a time to put aside your differences and form partnerships that are mutually beneficial.”

Read full article at Variety.com