Well, it’s finally come. There are now reports that Hulu plans to launch a subscription service in the near future. It’s been rumored for months, but now there’s confirmation. The subscription will cost $10 per month, and will be rolling out to select users as early as later this month. Obviously, if people are going to be paying for this, they’ll want more content, which is why Hulu is reported to be in talks with CBS, Viacom, and Time Warner to add their shows to Hulu’s already sizable catalog. Along with the traditional computer environment, Hulu claims to have options in the work for iPad and, as rumored, video game consoles, along with set-top boxes. Could this herald the end of cable television as we know it? It’s already happening to music purchasing and movie rentals, what’s stopping it from happening to television as well? We live in the internet age, and it seems that cable providers either need to recognize that and form some kind of counteroffensive, or embrace obsolescence.

Source: Wired.com

UPDATE: It’s been all over the place for the past couple of days, but now it’s officially confirmed. Hulu Plus membership invitations will start going out gradually over the next couple of months, starting now. For $10 a month, Hulu’s prepared to offer you an extended catalog that will be available on iPad, iPhone, and select television services. There will also be a PS3 version rolling out in the next few months (possibly exclusive to Playstation Plus subscribers), as well as an Xbox 360 version available to Gold membership subscribers sometime in early 2011.