Cablevision To Show Hulu

(RTTNews) - Cablevision Systems Corp. (CVC) has agreed to a deal with streaming video service Hulu to offer Hulu's on-demand shows and movies to its customers.

Cablevision becomes the first cable or satellite provider to distribute Hulu's on-demand content; however, Cablevision said Hulu's service will be provided to its "Optimum customers."

"The partnership with Hulu reflects Cablevision's desire to meet customers where they are," said Kristin Dolan, chief operating officer, Cablevision. "There is a new generation of consumers who access video through the Internet, and whatever their preference, Cablevision will facilitate a great content experience."

"Even with the rapid growth in streaming, there is a huge audience that consumes television through their cable provider, and we want to be there for them too," said Tim Connolly, senior vice president, distribution, Hulu.

Cablevision plans to provide pricing and other details for Hulu, including its availability date, in the near future.

Last month, Cablevision agreed to launch HBO's streaming service, HBO Now to its Optimum Online customers via the internet.

CVC closed Tuesday's trading at $20.34, down $0.11 or 0.54%, on the NYSE. The stock further dropped $0.01 or 0.07%, in the after-hours trade.