Disney raises streaming prices after services post a big operating loss

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Disney raises streaming prices after services post a big operating loss
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Starting Dec. 8 in the U.S., Disney+ with commercials will be $7.99 per month — currently the price of Disney+ without ads.

Chief Financial Officer Christine McCarthy reiterated on Wednesday’s earnings conference call that Disney+’s losses will peak during the company’s fiscal 2022.

Overall, the company’s quarterly results, also announced Wednesday, beat analysts’ expectations on the. Disney+ subscriptions rose to 152.1 million during the most recent period, higher than Wall Street’s projections of 147 million.Disney also announced new bundle prices incorporating its Disney+ product with commercials.

The price of a bundle of Disney+, Hulu and ESPN+, all with ads, will be $12.99, or $1 lower than the current Disney bundle price.

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