Hulu Lowers Prices as Netflix Raises Rates

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Just one week after Netflix announced a raise in subscription prices for all plans, Hulu has announced plans to lower prices. High five, Hulu.

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Hulu is lowering the rate of its ad-supported subscription plan (the lowest-tiered plan) from $7.99 per month down to $5.99 per month.

The streaming company also revealed a price change for its Hulu + Live TV plan with ads, which unfortunately brings the price from $39.99 up to $44.99 per month. The Hulu + Live TV plan with no ads will increase from $43.99 per month to $50.99 per month.

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But if you cancel your cable plan and just stick with Hulu, you're still saving money, so at least there's that.

Hulu's new pricing will take effect on February 26th.