One of the provisions in the new FCC mandated net neutrality deal would have Comcast-NBC sharing their content with multiple online video providers. The only problem, NBC has already worked out an exclusive deal with Hulu. This could mean the FCC is looking to take Hulu down a peg , by spreading content more widely.
The relevant section of the regulation reads, "Comcast would be required to offer NBC Universal programming to any online video provider that has reached a similar deal for content with some of NBC’s competitors." This would make Hulu less of a draw if the content could be had elsewhere. Hulu's premium service has already had trouble attracting subscribers.
Of course, it is also possible that the FCC has little intention of enforcing these regulations, in which case Hulu could continue on as usual. We like the idea of having content available everywhere, but without a controlled experience where content producers get a big cut of the take, they might sour on the idea of online distribution even more than they already have.