While Netflix Raises Prices, Hulu Discounts Subscriptions For the First Year

Hulu promos discounted $5.99 entry tier to its streaming library

But Hulu - which streams a bevy of TV shows from major networks along with a handful of original series - is actually cutting prices, just as Netflix plans to raise its own.

The move comes around the same time as a price increase from Netflix, which sees the streaming service raising the prices on its two most popular plans, which allow for things like more simultaneous streams or 4K support.

Hulu has dropped the price of its entry-level subscription from $7.99 down to $5.99 for new and returning customers.

The adjusted pricing is only available for new customers who sign up now and will only be offered for a limited time. A commercial-free option is available for $11.99 and its live TV coupled with on-demand service is still around for $40/month. After that, the price will jump back up to $7.99 for the monthly subscription with advertisements. The no-commercials plan remains at $11.99 per month and other tiers with Live TV included remain at their normal prices. The service also includes DVR storage. Earlier this year, in April the $28.5-billion 21st Century Fox launched Fox Now, a streaming service that offers all its five networks - Fox, Fx, National Geographic, Fox Sports and Fox News.

If you're never tried Hulu before, the streaming company is certainly doing everything it can to give you a reason to do so.

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