Disney+ increases subscription cost by 38 percent, adds ad-supported subscription
(MENAFN) The Walt Disney frim declared on Wednesday that it is increasing the cost of its prize Disney+ streaming facility by 38 percent, with a target to produce additional income for its money-losing online businesses.
An ad-free subscription to Disney+ is going to cost USD10.99 a month or USD109.99 per year in the US starting at the end of the year, increasing from its present price of USD7.99 for 1 month.
The Disney-owned Hulu is going to boost costs for all of its members as well.
The ad-supported subscription, which right now priced at USD6.99 for 1 month or $69.99 for 1 year, is going to go higher to USD7.99 a month or $79.99 a year.
The company also stated that it is preparing to announce an ad-supported tier of the flagship streaming facility.
Bob Chapek, the CEO of the Walt Disney Firm, stated that "We had an excellent quarter, with our world-class creative and business teams powering outstanding performance at our domestic theme parks, big increases in live-sports viewership, and significant subscriber growth at our streaming services."
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