Hulu, YouTube planning TV streaming services

Cable cutters, rejoice. Hulu and YouTube are apparently planning their own streaming services.

Hulu has announced that it's going to begin offering subscribers the ability to stream "live programming from broadcast and cable brands" in 2017. That'll include "live sports, news, and events," 

Hulu CEO Mike Hopkins said. Hulu's subscribers won't be required to have a traditional cable TV subscription in order to watch. His comments confirm what The Wall Street Journal reported over the weekend, saying that Fox, ABC, ESPN, FX, and the Disney Channel were all involved in negotiations.

YouTube is working on a paid subscription service called Unplugged that would offer customers a bundle of cable TV channels streamed over the Internet, people familiar with the plan said.reports Bloomberg, quoting unnamed “people familiar with the plan.” It’s is slated to debut as soon as 2017.

Bloomberg says YouTube executives have discussed these plans with most major media companies, including Comcast Corp.’s NBCUniversal, Viacom Inc., Twenty-First Century Fox Inc. and CBS Corp. However, no rights have yet been secured, according to the report.