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

Cleveland Guardians manager Stephen Vogt has rounded out his staff, retaining Sandy Alomar Jr. and Carl Willis — two long-tenured coaches under former manager Terry Francona

A man seving a hit-and-run sentence in a California prison until his release earlier this year remains jailed pending charges after a crash in Minneapolis that killed five young women

'When nearly losing my soul to Hollywood, she was back home praying for my success and salvation,' Chuck Norris had written once about his mother

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jul 27, 2023--

(Reuters) -Airbnb Inc said on Tuesday it expects bookings growth and average daily rates to decline in the current quarter,

SAN FRANCISCO--(BUSINESS WIRE)--May 22, 2023--

With just two episodes left, 'The Marvelous Mrs Maisel' Season 5 will reveal if Midge finally achieves her dreams

The Tampa Bay Rays have lost two straight games at the hands of the Chicago Cubs heading into a matinee matchup on Wednesday.This game should be quite the pitchers duel, as two impressive starters are on the mound. Zach Eflin (7-1, 3.17 ERA) gets the rock for the Rays against Cubs left-handed pi...

SAN DIEGO--(BUSINESS WIRE)--Oct 16, 2023--

Lille airport in northern France is being evacuated due to a bomb scare, the airport said on Wednesday on social media platform X. “State security teams are on site,” the airport said. Two terminals at Paris-Beauvais Airport were also evacuated, according to local media site Courrier Picard, after a bomb threat. France is on its highest state of alert after the Oct. 13 murder of a teacher in a suspected Islamist attack. On Tuesday, the Palace of Versailles, one of France’s main tourist sites, was closed for a few hours, due to its second security scare in four days. Read More Russia-Ukraine war live: Kyiv uses US missiles against Putin’s forces for first time After taking Nagorno-Karabakh, Azerbaijan is eyeing a strategic strip of Armenia Ukraine has used long-range ATACMS missiles against Russia, Zelensky says

Wimbledon paid tribute to Roger Federer on Tuesday as the eight-time champion returned to the scene of his some...