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Disney will dramatically increase the price of its streaming service. Disney+ prices will rise by as much as 27 per cent, with the company saying that it is facing a challenging market. At the same time, the company will roll out an ad-supported tier in the UK, that will allow customers to subscribe for £4.99 per month. And its chief executive, Bob Iger, said that next year it would be looking to launch a password sharing crackdown to attempt to force different households to have their accounts. The moves follow similar changes at Netflix and other streaming services, many of which have recently launched price increases, ad-supported tiers and password sharing crackdowns of their own. The introduction of the new ad-supported tier in the UK means that the price of access to Disney+ has dropped. Prices previously started at £7.99. The new changes will also bring a new option, called Disney+ Standard, which will cost £7.99. That comes at the current price but removes options such as 4K streaming and the ability to stream on four devices at once. The existing tier will become Disney+ Premium and cost £10.99 per month. If users do not opt out of that change, they will face a £3 per month price increase. Similar price increases will go into effect elsewhere, across the US and Europe. In. the US, the price of Disney+ will rise up to 27 per cent, to $13.99 per month, and a similar rise will go into effect at Hulu. Disney’s announcements came as it revealed its recent quarterly results, doing which chief executive Bob Iger acknowledged that the entertainment company faces a “challenging environment” in the near term. But he emphasized progress in cutting costs and focusing on creativity, even as quarterly results showed Disney‘s soft spots. Disney’s stock rose nearly 3% in after-hours trading, as Iger touted $1 billion in operating-income improvement at the company’s streaming business over the last three quarters, which is aiming for profitability in 2024. He said Disney will reduce the number of titles it releases and also the cost per title. Disney said it cut losses at its streaming video services to $512 million in its fiscal third quarter from about $1.1 billion a year ago. It added 800,000 Disney+ subscribers, 100,000 subscribers shy of analyst estimates, and shed 12.5 million subscribers to the Disney Hotstar service in India, or nearly a quarter of its subscribers, as it gave up rights to Indian Premiere League cricket matches. “Disney will have to cut prices from current levels in an effort to stimulate demand and defend its market share in an increasingly competitive industry,” said Jesse Cohen, senior analyst at Investing.com. Additional reporting by agencies Read More How much of a threat does AI really pose? Get your ticket for our free event Elon Musk reveals more dramatic details of fight against Mark Zuckerberg Warning over ‘dangerous’ carbon monoxide alarms for sale on eBay and Amazon How much of a threat does AI really pose? Get your ticket for our free event Elon Musk reveals more dramatic details of fight against Mark Zuckerberg Warning over ‘dangerous’ carbon monoxide alarms for sale on eBay and Amazon

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Ilkay Gundogan has reflected on his “bittersweet” exit from Manchester City after the club’s treble-winning captain confirmed his move to Barcelona at the end of his contract. Gundogan departs City after seven years at the club having played a major part in the most successful season of in the club’s history. The Germany international lifted the club’s first Champions League title following a 1-0 win against Inter in his final game with the club, after scoring key goals in City’s Premier League and FA Cup victories - including a double in the 2-1 win against Manchester United at Wembley. The 32-year-old won five Premier League titles with City after arriving from Borussia Dortmund as City manager Pep Guardiola’s first signing. Gundogan has signed a two-year contract with Barcelona, the Spanish champions, with the option of a further year at the Nou Camp. “Today is bittersweet,” Gundogan said in a piece published on the Players’ Tribune. “Goodbyes are never easy, but it’s even harder with this team. “When I had to break the news to the boys that I was leaving in our group chat, I was very emotional. “I will miss all of them, honestly. But I am happy to say that I’m leaving here as a champion, and I have nothing but love for the club in my heart. How many footballers can say goodbye as the captain of a treble team? “It’s amazing what we achieved. Five Premier League titles in my seven years here. Two FA Cups. The Champions League. The treble. “But those are just trophies. The thing that I will remember the most is the feeling inside the squad, especially this season. I’ve never experienced something like it in football.” Manchester City’s director of football Txiki Begiristain said Gundogan had “cemented his place in the history” of the club as he paid tribute to the midfielder. “Ilkay has been a wonderful servant for Manchester City, and he leaves our club on a very special high having captained us to a historic Treble,” Begiristain told Man City’s website. “He has played a huge part in the successes we have enjoyed in recent seasons and Ilkay’s intelligence, leadership and commitment to the Club - both on and off the field - has been an inspiration to everyone.” Read More Ilkay Gundogan, the man who transformed Man City and timed a perfect goodbye Ilkay Gundogan, the man who transformed Man City and timed a perfect goodbye Barcelona set to sign Man City captain on free transfer Rain and threat of lightning fail to dampen Manchester City’s trophy parade

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Ohio voters rejected Tuesday an effort to raise the threshold to amend the state's constitution ahead of a November referendum on whether to constitutionally guarantee abortion rights there, handing abortion rights advocates a critical victory.

The St. Louis Cardinals haven't had the best of starts to the 2023 season, and this stat just shows how brutal things have gone.The St. Louis Cardinals were seemingly the team to beat in the NL Central this offseason. But no one could have guessed that not only would they be sitting last in...

Paul Rogriguez Jr's kayak was found abandoned on Mendenhall Lake in Alaska and authorities have officially declared him dead