“Hulu is developing a subscription service that would stream feeds of popular broadcast and cable TV channels, people familiar with the plans said, a move that would make the company a competitor to traditional pay-TV providers and other new digital entrants,” report Joe Flint and Shalini Ramachandran in the Wall St. Journal. [Note: The Wall St. Journal is behind a pay-wall and may charge you to read its article. If so, a good alternative would be to see the re/code piece on the subject.]
The Journal says that Hulu “hopes to launch the new cable TV-style online service in the first quarter of 2017, the people said. Walt Disney Co. and 21st Century Fox, which are co-owners of Hulu, are near agreements to license many of their channels for the platform. Comcast’s NBCUniversal is also an owner in Hulu, but so far hasn’t agreed to license its networks for the planned digital pay-TV service, the people said.”
Cost of the service would likely be about $40 per month, the story notes.
Notes re/code in its follow-up story, “Disney and 21st Century Fox — which own two-thirds of Hulu and control its management — want to sell a service that competes directly with the pay TV distributors who are their most important customers.”