Here's How You Can Get Spotify and Hulu For Just $5

"Seinfeld" streaming exclusively on Hulu. Hulu

According to The Hollywood Reporter, Hulu and Spotify have teamed up to offer a discounted bundle to college students that will cost them just $5 a month. If you're not a Spotify user, Apple Music, Tidal and other services have similar student plans to offer, but they all come sans the Hulu subscription.

Existing Hulu users with a Limited Commercials plan - with no add-ons, such as HBO or Showtime - can merge their account with their Spotify Premium for Students plan as well.

The bundle will initially be available to USA college undergraduates for $4.99 a month, with offerings for the broader non-student market to follow, the companies said Thursday. The companies said that future bundles will target "the broader market".

It's the first time that Spotify has partnered with a TV and movie streaming service, but it's not the company's first foray into video and TV content.

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Three years ago, the Swedish company launched Spotify Premium for Students.

If you're already an existing Spotify Premium for Students subscriber, you're eligible for this as well. If you're already on Premium for Students, you can now activate Hulu. Hulu and Spotify will split the subscription fee, and Hulu will sell ads. And Spotify does verify enrollment through SheerID, so if you were hoping to use your old undergraduate email address to game the system, that's probably not going to work so well for you.

"We are proud to announce Spotify as our newest strategic partner - they're an iconic brand in music streaming and a proven leader in reaching and engaging young consumers", Hulu SVP, head of distribution and partnerships Tim Connolly said. In addition to new subscribers for this category, current premium Spotify subscribers who also fit this category can convert to the new bundle. Combine the two with this offer, and subscribers are saving close to $13 per month.

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