Hulu on Wednesday announced a new live-streaming television service for $39.99 per month, which will place the company in direct competition with newly launched services from DirecTV Now, YouTube and other OTT content providers. The Hulu with Live TV beta will offer 50 channels of live-streaming television — including sports, news, entertainment, children’s programming and local network affiliates — along with the existing Hulu on-demand video, without set-up costs or hidden fees.