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Chris Smith
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- Disney held its 2020 Investor Day event on Thursday, where it announced the first price hike for the Disney+ streaming service.
- Disney+ will cost $7.99 per month, or $1 extra compared to the initial offer, starting in mid-March 2021.
- The subscription price may increase, but Disney also announced it will significantly increase the quantity of original across its brands. Disney revealed tens of titles for the Star Wars, Marvel, and Pixar properties, as well as plans for more National Geographic and ESPN content. On top of that, Disney also revealed various movies that are in development for the near future.
The coronavirus pandemic turned 2020 into a very tough year for Disney, impacting all its different revenue streams. Parks and cruises were closed, and the health crisis delayed movie and TV series releases as well. But the company has ambitious plans for the years to come, at least in the film and TV shows departments. The company held its Investor Day event on Thursday, where it announced all the new content it’s working on for Disney+ and theaters. The new slate of programs is quite impressive, with Disney having announced various titles across all of its properties, including Star Wars, Pixar, and Marvel. But Disney is also hiking prices or its streaming service, a first for the company. We’re used to seeing Netflix increase its pricing structure every few years, and Disney seems ready to follow suit. The move isn’t surprising, considering the year Disney just had. But then again, Disney+ subscribers went through the same awful 2020, and some people might not appreciate the price increase initially. But Disney will only charge customers an extra dollar per month, and the increase is totally worth it considering all the shows that the giant has just announced.
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Disney+ is getting its first price hike, but it’s going to be totally worth it originally appeared on BGR.com on Fri, 11 Dec 2020 at 06:50:24 EDT. Please see our terms for use of feeds.
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