Disney to hike streaming prices and crack down on password sharing amid pressure on earnings

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 99%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Walt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year.

The increases, expected to take effect later this year, will raise the monthly cost of ad-free Disney+ by US$3, or roughly 27 per cent, to almost US$14. The cost of ad-free Hulu will likewise rise US$3 to almost US$18 -- a 20 per cent hike that will make it more expensive than the most popular ad-free tier at Netflix.Iger spoke following Disney's release of mixed earnings for its fiscal third quarter ended July 1.

The Disney CEO acknowledged that the price hikes are intended to steer consumers toward cheaper ad-supported versions of these services, whose subscription prices are not changing. The advertising market for streaming is "picking up," he said, noting that it's healthier than traditional TV ads. "We're obviously trying with our pricing strategy to migrate more subs to the advertising supported tier.

While a narrowing in Disney's streaming losses is heartening, he argued, the improvements owed more to dramatic cost-cutting than organic growth, suggesting that Iger still doesn't have a plan for putting Disney on a sound footing. Disney's theme parks are widely viewed by industry experts as a critical component of the Burbank, California-based company's business. To that end, Iger has prioritized reconnecting with the Disney theme park die-hards and restoring their faith in the brand. Shortly after Iger's return, changes rolled out at U.S. parks.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 1. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Disney to hike streaming prices, crack down on password sharing amid pressure on earningsWalt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year.
출처: CP24 - 🏆 30. / 67 더 많은 것을 읽으십시오 »

Avison Young CEO sees 'nothing but opportunity' ahead as commercial real estate market bottomsAvison Young CEO Mark Rose talks about the trouble with price discovery, the future of cities and why the worst may be behind us. Read on.
출처: nationalpost - 🏆 10. / 80 더 많은 것을 읽으십시오 »