Hulu has officially unveiled its $40-a-month live-television streaming service. Hulu with Live TV starts at $39.99 and allows users to stream live and on-demand programming from more than 50 TV channels running the gamut of live news, entertainment, and sports.

The cost of the new service also includes access to Hulu’s existing $7.99 premium streaming subscription and access to the company’s library of archived content, which includes more than 3,500 film and TV titles.

Subscribers to the new live service also get 50 hours of storage for recording programming, the ability to create up to six separate Hulu viewer profiles, and two simultaneous streams per account.