"This week the Wall Street Journal said Google (which owns YouTube) was seeking deals with television companies to set up its own internet-streaming service. Intel is expected to launch a similar service later this year. Netflix, Amazon and other online distributors will plough a combined $750m this year into making their own exclusive shows, to differentiate themselves from each other and from cable channels.The fight to preserve the old television system while exploiting the new is producing plot twists as complex as a daytime soap’s. The three broadcasters that own Hulu—Disney, 21st Century Fox and NBCUniversal—want to see the site, which had revenues of nearly $700m in 2012, become profitable. But too much success might upset traditional pay-TV firms, which are big customers for the three broadcasters."