Hulu is reportedly working on a new live TV platform that's designed to tempt cable subscribers to cut the cord. The Wall Street Journal believes that Hulu has ambitions to square off against both domestic cable providers as well as Sling TV and PlayStation Vue. Rather than trying to broadcast every channel in existence, it's claimed that the company will focus on quality over quantity. Given that Hulu is part-owned by Disney and 20th Century Fox, you can assume that ABC, ESPN and Fox will be lynchpins of the new platform. The same report explains that Hulu will enable customers to record their own shows in the cloud, rather than on a DVR.