Hulu has implemented their Hulu Plus service (officially in beta) since June for $9.95/month, but now we are being told by a couple sources that the company is considering reducing their price by $5, to $4.95/month.
Hulu Plus is their attempt at gaining a second revenue income on top of the ads placed during the TV shows, clips and movies that are on the site. Hulu Plus has been giving subscribers more depth to the shows and movies that are available compared to the free service. You can also watch Hulu on the iPhone, iPad, Xbox 360 and Internet-connected TVs with the premium subscription.
For more on the possible price cut, follow the break.
This price cut seems to mean that not a lot of people have really jumped onto the premium ship. This should be no surprise to anyone, as consumers have several online video options and Hulu only allows certain networks on their service.
Currently, Hulu Plus only has shows from ABC, NBC and FOX as well as a couple of others no longer broadcast on TV. Compare that to things like Netflix, which has a very extensive library of shows and movies at $8.99/month, and it makes sense that they may consider cutting the price.
Hulu also doesn't give access to cable networks that are in contract disputes with cable providers. For example, FOX shows are currently unavailable on Hulu in the New York City metro area for CableVision customers.
Hulu has not commented about the possible price drop, but we'll bring you any updates we receive.