Hulu is an online streaming service that was launched in 2008 and offers both free streaming with ads and a subscription service called Hulu Plus. It is currently owned by NBCUniversal, Fox, Disney-ABC, and Providence Equity Partners. Hulu provides next-day streaming of shows from major television networks and original content through both its free, ad-supported service and Hulu Plus subscription service, which still includes some ads. While it faces competition from services like Netflix, Hulu is expected to continue operating into the future by focusing on its owned content and producing more original exclusive shows.