Streaming video service Hulu has lowered the monthly fee for its basic plan with ads from $7.99 to $5.99, effective February. Hulu is jointly owned by Walt Disney Co. (DIS), 21st Century Fox Inc. (21st Century Fox Inc., FOX), Comcast Co., CMCSA (Comcast Co., CMCSA), and AT&T Inc. (AT&T Inc., T). A week ago, competitor Netflix Inc. (NFLX) said it would adjust service prices in the US market by 13% to 18%. For the ad-free package, Hulu said the monthly fee will remain at $11.99. Netflix's stock price fell 1.2% before Wednesday, extending the three-day decline to 9.1%. The Nasdaq Composite Index and the S&P 500 Index each fell 0.2% on Wednesday.
-Tomi Kilgore
This article was translated from MarketWatch
Copyright (c) 2019 Dow Jones Company. This article is copyrighted by Dow Jones, Inc., and may not be translated or reprinted without permission.
MarketWatch∶Hulu将基础套餐月费下调25%，Netflix扩大跌势
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