Yes but their copyrights are shrinking by the day. Most of the good programs have already been taken off Hulu because Networks like Fox, CBS, HBO have realized they can stream the content themselves. What do they need Hulu for?
I would argue that the program offered by Hulu are still growing. Probably rapidly too. Hulu is owned by NBC, Fox, and Disney after all so will have a much easier time acquiring rights to stream then Google ever will. If the rumor that Google is trying to lock in 10 year access rights is correct then Google will significantly increase the available shows offered on YouTube.
