I'm guessing it's not "at will" with no penalty but "in the event of ownership changes, non-payment, or with X noticed for the payment of Y liquidated damages',

I'm guessing it's not "at will" with no penalty but "in the event of ownership changes, non-payment, or with X noticed for the payment of Y liquidated damages', with Y being really large (and you can tell from the announcements that have come out of hulu the contracts have terms).