Hulu may take on Sling TV with cable-like streaming service

A new report claims Hulu is developing its own internet-based cable TV service, which would provide access to live TV in addition to on-demand viewing of network shows. The service could launch sometime in the first quarter of 2017.

According to The Wall Street Journal, the currently unnamed service will be similar to Sling TV and PlayStation Vue. It may offer a cloud-based DVR to record live shows. It will also likely have some kind of targeted advertising:

Disney's ABC, ESPN and Disney Channel are expected to be available on the service along with the Fox broadcast network, Fox News, FX and Fox's national and regional sports channels. Preliminary conversations with other programmers have begun, but the service isn't looking to offer all the hundreds of channels found in the traditional cable bundle, according to the people familiar with the plans.

While pricing has yet to be confirmed, it is estimated that Hulu's new internet cable TV service could cost around $40 a month.

John Callaham