Internet video company Hulu slashed the price of its subscription service Hulu Plus, which made its official debut Wednesday. Hulu knocked down the monthly cost to $7.99 from the preview price of $9.99. Users who subscribed to the preview service, which was available in June, will receive a credit for the price difference, the company said. Get the full story »
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Hulu’s CEO says revenue to more than double
Popular U.S. Web video service Hulu should more than double revenue this year to $240 million, its chief executive said on Wednesday, a growth projection likely to create more buzz about a potential public offering. Get the full story »
Hulu in talks with CBS, others for paid TV shows
Free video website Hulu is in talks with CBS Corp, Viacom Inc and Time Warner Inc to add their television shows to its planned paid subscription service, Bloomberg reported, citing people with direct knowledge of the discussions. Get the full story »