With all of the options currently available for streaming movies and TV shows over the Internet, many wondered how Hulu would fare with its recently launched Hulu Plus service. The answer, as it turns out, may be not so great. Hulu Plus currently costs subscribers $9.95 per month. The subscription fee brings with it a larger catalog of content and the ability to stream Hulu on a variety of devices including the iPad, PlayStation 3 and Xbox 360. According to a new report from The Wall Street Journal’s MediaMemo blog, adoption may be significantly slower than Hulu might have hoped. The company is apparently considering a 50% price drop just a few short months after having launched the service this past July. The supposed new subscription, $4.95, would certainly be much more appealing. Whether or not it will accelerate Hulu Plus adoption in the face of Netflix’s Watch Instantly service and free streaming provided on studio websites remains to be seen.