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Live TV streaming looks set to be the next big thing. Apple and YouTube are both rumoured to be working on live TV streaming services, and now Hulu has confirmed that it is too.

The US streaming service confirmed the news in a presentation. CEO Mike Hopkins said the service would "fuse the best of live TV and on-demand," and will offer "live s[ports, news and events."

This would reposition Hulu. Instead of being a solely on-demand provider – like Netflix – it would become a hybrid, like Sling TV or PlayStation Vue.

Hulu is a joint venture, owned by Disney, 21st Century Fox and NBCUniversal's Comcast. It offers episodes of shows on-demand a day after they air on these networks in the US.

So far, only Fox has confirmed it's working with Hulu on the new service. So we'll have to wait and see if it live streams fare from its other parent networks.

The service is said to launch in 2017.

Hulu also announced it's close to 12 million subscribers. That may seem small-fry compared to Netflix's 75 million, but it's impressive given it's only available in the US, Japan and their overseas territories.

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