Hulu Cuts Base Subscription Price By 25%, Neflix Shares Extend Fall -- MarketWatch

道琼斯 · Jan 24, 2019 00:32

DJ Hulu Cuts Base Subscription Price By 25%, Neflix Shares Extend Fall -- MarketWatch

Streaming video service Hulu has cut prices for its base, ad-supported subscription plan to $5.99 a month (https://www.hulu.com/press/hulu-update/new-hulu-pricing-options/) from $7.99 a month, effective in February. The move by Hulu, which is jointly owned by Walt Disney Co. (DIS), 21st Century Fox Inc. (FOXA), Comcast Corp. (CMCSA) and AT&T Inc. (T), comes a week after rival Netflix Inc. (NFLX) said it was raising prices in the U.S (http://www.marketwatch.com/story/netflix-raising-cost-to-13-a-month-its-biggest-hike-ever-2019-01-15). by 13% to 18%. For no ads, Hulu said the monthly price will remain at $11.99. Shares of Netflix slumped 1.2% in morning trade, extending its three-day loss to 9.1%, while both the Nasdaq Composite and the S&P 500 eased 0.2%.

-Tomi Kilgore

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January 23, 2019 11:32 ET (16:32 GMT)

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Hulu Cuts Base Subscription Price By 25%, Neflix Shares Extend Fall -- MarketWatch

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