The Walt Disney Co. and Google Inc.'s YouTube are close to a deal that would allow Disney content to be distributed through YouTube, according to a report in The Wall Street Journal.

If the deal goes through, YouTube will receive the rights to distribute content from several of Disney's brands, including ABC and ESPN. Google, which owns the video-sharing website, has been trying to land premium content for YouTube as the popularity of Hulu gains momentum.

The report also says that Disney would be able to sell ads related to the content, with the two companies sharing the revenue.

Disney is also in separate talks to put ABC programs on Hulu, the report said. Hulu is a joint venture of NBC Universal and News Corp.