Will Netflix Get Hit by Hulu Plus?

NEW YORK (TheStreet) -- Will Hulu's paid subscription service be complementary to Netflix NFLX or become a thorn in its side? Hulu, which is co-owned by General Electric GE, News Corp. and Disney DIS, launched Hulu Plus earlier in the week. The subscription service will cost $9.99 a month and give users access to select current and past TV shows in high definition, including popular series like Glee, The Office and 30 Rock. Hulu Plus content will also be available through several devices like Apple's AAPL iPhone, iPad and iPod Touch, as well as personal computers, Samsung TV and Blu-ray players. Hulu also plans to expand its reach to Microsoft's MSFT Xbox 360, Sony's SNEPlaystation 3, and Sony and Vizio TVs and Blu-ray players. Since the launch of Hulu Plus, shares of Netflix have fallen more than 8%, exchanging hands at $105.03 Thursday morning. To read the rest, head over to TheStreet.com