Hulu confirmed several months ago that it was developing its very own standalone online TV streaming service. Over the past few weeks, we’ve been hearing about all of the agreements that it has been inking with networks to bring more channels to its service. Hulu today announced the official launch of its online TV streaming service. It has opted for “Hulu With Live TV” as the official name of this service.

Hulu With Live TV has been launched in beta today. It provides access to live streams of more than 50 channels for $39.99 per month. The list of available channels include the likes of NBC, CBS, ABC, FOX, ESPN, CNN, USA Network, and many more.

Hulu has also confirmed today that it has signed an agreement with Scripps Network Interactive to bring channels like Food Network, HGTV, and Travel Channel to its streaming service and on-demand service.

The company’s CEO Mike Hopkins says that Hulu With Live TV is more than just a standalone TV streaming service. It’s an entirely new way of consuming content as it brings together not just its library of on-demand streaming content but some of the best networks and channels that people love.

All subscribers will be able to create six individual profiles and view two streams simultaneously. They also get 50 hours of DVR storage and more can be purchased by paying $14.99 per month. Unlimited simultaneous streams can be had by paying an additional $14.99 per month.

Hulu’s live TV service is now rolling out for Xbox One, Apple TV, Android, iOS, and Chromecast. It will also land on Samsung smart TVs, Amazon Fire TV and Fire TV Sticks, and Roku in the near future.

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