Hulu Lowers Subscription Rates after Netflix Raises Theirs
Who will win the streaming price wars?
Hulu and Netflix are embroiled in a price war. About 10 days ago, Netflix announced it would raise subscription rates for all three of its streaming plans by $2 a month for more than 58 million U.S. subscribers. Netflix will use the money to invest in more streaming content and to improve its profit margins. In response, Hulu announced it is lowering the subscription price on its basic, ad-supported plan from $7.99 to $5.99 per month, starting February 26. The price for Huluís $11.99 no commercials plan will remain the same, reports The Verge.
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