Streaming video service Hulu has cut prices for its base, ad-supported subscription plan to $5.99 a month (Walt Disney Co. (DIS), 21st Century Fox Inc. (FOXA), Comcast Corp. (CMCSA) and AT&T Inc. (T), comes a week after rival Netflix Inc. (NFLX) said it was raising prices in the U.S ( ). by 13% to 18%. For no ads, Hulu said the monthly price will remain at $11.99. Shares of Netflix slumped 1.2% in morning trade, extending its three-day loss to 9.1%, while both the Nasdaq Composite and the S&P 500 eased 0.2%./) from $7.99 a month, effective in February. The move by Hulu, which is jointly owned by
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 23, 2019 11:55 ET (16:55 GMT)
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