Tom Hanks' Web Series to Stream Exclusively on Yahoo

Jake Coyle for the Associated Press:

Tom Hanks' long gestating Web series is coming to Yahoo.

"Electric City," an animated futuristic series Hanks has been developing for years, will premiere on Yahoo this spring. The series includes 20 episodes, each three- or four-minutes long.

'Electric City' is certainly not on the same level as Netflix's forthcoming forays into original content, but Tom Hanks' effort will undoubtedly lend high profile credence to the prospect of an evolving media marketplace.

Incidentally, if Yahoo can identify and act upon changing media trends, why can't large scale cable companies and media distributors?

(Via Dan Benjamin)