The FCC's leaked Comcast-NBC merger terms may host Hulu its main advantage, an early analysis brought out. Hulu's requirements for semi-exclusivity with free content, where studios can only either offer it on Hulu or on their own sites, might be challenged by an FCC mandate to syndicate video to competitors. NBC might have to not only allow syndication to outside providers but might have to do so outside of Hulu, possibly depriving any chance for Hulu to do so itself.