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It's hard to believe that it's been a year since Hulu - the joint online video venture between NBC Universal and News Corp. - began streaming content. Its initial reception, after months of anticipation and a good helping of ridicule, was less than warm. Old media companies trying to take on YouTube? Were they serious?

Clearly, they were. Fast forward to today - a year after the company released its private beta - and you'll hear a completely different story about Hulu. How did we get here? Let's take a look back at Hulu's first year.