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Hulu Officially Launches Pay Service, Cuts Price

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(CBS)

LOS ANGELES (AP) – Online video site Hulu says it has now formally launched its premium streaming service for $8 a month.

That’s $2 below Hulu’s original monthly subscription fee for the service, which it launched as a preview about five months ago.

Hulu said Wednesday that subscribers who paid $10 a month during the preview period will receive credit for the difference.

Hulu’s service offers back seasons of NBC, Fox and ABC and other TV shows, such as “30 Rock” and “Glee.”

The site is jointly owned by General Electric Co.’s NBC Universal, Fox owner News Corp., ABC owner The Walt Disney Co. and Providence Equity Partners.

The free portion of the site has less content and remains available.

(© 2010 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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