Sept 23 (Reuters) - Walt Disney ( DIS ) said on Tuesday
it will raise prices for its flagship Disney+ streaming service
in the United States next month, as the entertainment giant
pushes to bolster profits from its digital platforms.
Starting October 21, the ad-supported Disney+ plan will
increase by $2 to $11.99 per month, while the ad-free premium
tier will rise $3 to $18.99 a month. Annual premium
subscriptions will jump $30 to $189.99.
Bundled packages combining Disney+ with Hulu and ESPN+ will
also see price hikes, according to the company's website.
Disney ( DIS ) is facing heightened public scrutiny following the
recent controversy over the temporary removal of Jimmy Kimmel
Live! from ABC, which sparked calls to even boycott the
company's services.
Disney+ launched in November 2019 at $6.99 per month,
gradually raising its prices since then as part of a broader
strategy to stem losses and turn streaming into a growth engine.
Its streaming business had achieved profitability for the first
time last year
It is the fourth consecutive year Disney ( DIS ) has raised its
subscription prices. The company imposed a 38% price hike in
December 2022, followed by further increases in October of 2023
and 2024.