Disney+ has announced a price change for their customers. On December 8, customers will begin paying $7.99 a month, but with ads.This is what current customers are paying, however, without any ads. The premium subscription, without any ads, will now cost $10.99 a month.
The company’s overall earning for their second quarter has gone up 26% from last year, they have earned $21.5 billion in revenue.
Disney+ will not be the only thing going up. Since Hulu is mainly owned by Disney, their prices will also be going up.
As Disney+ tries to maintain their audience entertained, they are spending millions, if not billions of dollars to do so by creating new content. Their hard work has paid off through their constant streaming growth. Unlike one of the most popular streaming companies, Netflix. Netflix’s has lost subscribers two quarters in a row.
In order to keep obtaining streaming growth, companies need to accumulate more and more revenue, raising their prices is Disney+’s way to do so.
This is a CIMA Law Group blog entry. CIMA Law Group is located in Arizona and specializes in Immigration Law, Criminal Defense, Personal Injury, and Government Relations. If you live in Arizona and need legal assistance CIMA Law Group can help.
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