Hulu confirmed several months back that it’s working on a standalone online TV streaming service that will enable people to cut the cord and pay a set fee every month without any contracts to watch live TV on any device that they want. It hasn’ revealed more details about the service since then, so while we wait for the official word on how many networks it’s going to support, a new report says that the Hulu live TV streaming service monthly subscription price is going to be $39.99.

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Citing sources with knowledge of the company’s plans, TechCrunch reports that Hulu’s live TV streaming service is likely going to be priced at $39.99 per month. For this price, subscribers will have to put up with ads but they will also get access to Hulu’s entire on-demand library of movies, TV shows, and original content.

This seems plausible when you consider the fact that Hulu CEO Mike Hopkins previously said that the new service is going to cost under $40. At $39.99, it does technically qualify is being under $40.

The scribe does point out that the $39.99 price is not set in stone right now and there’s a possibility that it might come down. Hulu has not yet officially confirmed the price and it will only do that once the service is officially announced.

Today’s report also claims that Hulu is going to sell subscribers an add-on package which will provide them with an unlimited cloud DVR that supports recording of up to 200 hours of programming with unlimited streams.

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