Hulu is cancelling its free service

Hulu is ending its free streaming service and is partnering with Yahoo to offer a new service called Yahoo View, Variety reported.

This comes after Verizon offered $4.8 billion to buy Yahoo.

Time Warner also announced it will buy a 10% stake in Hulu for $583 million, joining existing owners Disney, 21st Century Fox, and Comcast.

Yahoo View is ad-supported and will have the five most-recent episodes of shows from ABC, NBC, and Fox eight days after their original air date.

It will also feature other network shows and full seasons of anime and Korean series.

Hulu still offers its two subscription plans: $7.99 a month with commercials and $11.99 a month for a service without ads.

“As we have continued… with new originals, exclusive acquisitions, and movies, the free service became very limited and no longer aligned with the Hulu experience or content strategy,” said Hulu.

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Hulu is cancelling its free service