Each and every day, more and more people are cutting the cord with their cable and satellite companies. That leaves a significant hole that online video streaming services are more than happy to fill. Among those that are the most popular replacements are Netflix and Hulu.
However, as Netflix has recently announced yet another rate hike, Hulu announced they are reducing their current price. Due to the constant increase in the price of the Netflix streaming service, many of their customers may very jump ship over to Hulu.
Hulu recently announced that they are slashing their price on their streaming service from $7.99 to $5.99 a month. Although the $5.99 level does include the streaming service that has ads, we are sure most will agree a few ads are worth the savings to be had.
Hulu’s is quick to remind us that the price reduction is for their lowest streaming plan. Their ad-free plan will remain at its current rate of $11.99 a month, as will the combination Hulu/Spotify plan at $12.99 a month.
Although Netflix has more subscribers than Hulu—an estimated 58 million in the US alone at last count—Hulu did make a very impressive jump in subscribers by 48% in 2018 giving them an estimated total of approximately 25 million.
Hulu offers some tv shows that are just available on Netflix, such as classics like Seinfeld and Lost. Now, if you have kids, then when they officially release the Baby Shark cartoon, you will only find it on Netflix. Still, Netflix seems to still have a leg up on Hulu when it comes to those wanting to binge watch their favorite current and classic shows.
Also available at Hulu, that you will not find on Netflix, is the ability to buy a subscription plan that affords you the ability to watch live TV. However, in the case of their live TV streaming plan, Hulu will be raising the price from $39.99 a month to $44.99 a month.
Many do not know that once Disney’s purchase of Fox is done and dusted, Disney will hold shares in Hulu to the tune of 60%. And with Disney’s recently reported plan to offer a streaming service of its own, titled Disney+, Disney will more than assuredly see the value of having Hulu onboard.
According to Hulu, the new prices will take effect on February 26th, with the new price showing on the billing statement that will come out after that date.
So, what’s the verdict—you decide.
Will Hulu’s price reduction make them viable competition for Netflix?