Hulu drops price to lure new customers

While one streaming service is raising prices, another one is cutting theirs.

Hulu will now start offering its entry-level plan with limited commercials for $5.99/month, down from $7.99. The price cut is only available for a limited time and is restricted to new customers.

Last week, Netflix announced a $1 price hike for its most popular plan-- to $10.99/month. It also increased the price of its premium plan.

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