Hulu cuts prices of its most popular plan

(Reuters) – Video streaming service Hulu said on Wednesday it is dropping the price of its most popular monthly plan by $2 to $5.99, less than two weeks after bigger rival Netflix Inc hiked its rates by as much 18 percent in the United States.

Hulu, which is owned by Disney, Twenty-First Century Fox, Comcast and AT&T, will keep its ad-free version at $11.99 per month.

Reporting by Vibhuti Sharma in Bengaluru; Editing by Shinjini Ganguli

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