Streaming Price Hike: [Platform Name] Costs Rise

by Archynetys Economy Desk

Walt Disney Co. has announced that it will increase the price of Disney+ streaming to $ 3 from October 21 to $ 3 a month.

The premium for the advertising package will also increase by $ 2, which will cost $ 12 a month.

The step fits into the strategy of media companies to increase the prices of their streaming services for greater profits after investing significant amounts in these businesses for years. Disney also set a specific goal: This year’s fiscal year wants to achieve a $ 1.3 billion operating profit with streaming.

The entertainment giant in Burbank, California He raised the price of Disney+ last year, up to 25 percent.

The cover image is an illustration. Source of cover image: Getty Images

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