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Hulu is officially launching the beta version of its live TV product<\/a> today, which offering access to more than 50 channels for $39.99 per month.<\/p>\n Those channels will include ABC, CBS, FOX, NBC and local affiliates, along with ESPN, CNN, Cartoon Network\/Adult Swim, FX, USA Network and many more. It will also include 50 hours of DVR storage and access to Hulu\u2019s existing library of on-demand video.<\/p>\n Hulu also announced that it\u2019s signed a deal with Scripps Networks Interactive to bring their channels \u2014 including HGTV, Travel Channel and Food Network \u2014 into the live TV service.<\/p>\n The company is unveiling Hulu With Live TV (yep, that seems to be the official name) at New York City event for press and advertisers. The announcement (just barely) sticks to CEO Mike Hopkins\u2019 earlier statement that the service would cost \u201cunder $40<\/a>\u201d \u2014 my colleague Sarah Perez reported last month that the price would be $39.99<\/a>.<\/p>\n Other companies like AT&T\/DirecTV<\/a> and Google\/YouTube<\/a> have recently launched stripped down cable packages that, like Hulu, allow you to watch TV on an actual TV but also on computers and mobile devices.<\/p>\n With a basic Hulu With Live TV subscription, you get six individual profiles and two simultaneous streams, as well as 50 hours of DVR storage. You can pay extra for more storage ($14.99 per month), unlimited simultaneous streams ($14.99), both ($19.99) and Showtime ($8.99).<\/p>\n