Disney’s streaming platforms turn profitable. Expect price hikes.

[KARAH RUCKER]

DISNEY IS CELEBRATING A SUCCESSFUL THIRD QUARTER –

WITH BIG NEWS FOR ITS STREAMING PLATFORMS.

DISNEY PLUS, HULU, AND ESPN PLUS BECOMING **PROFITABLE FOR THE FIRST TIME.

DISNEY’S EARNINGS JUMPED SIGNIFICANTLY –

GETTING A BIG HAND FROM THE NOW “NUMBER ONE HIGHEST-GROSSING ANIMATED FILM OF ALL TIME” – INSIDE OUT 2.

THE FAN CRAZE OVER THE SECOND FILM DROVE UP DISNEY PLUS SUBSCRIPTIONS  –

WITH OVER ONE MILLION NEW SUBSCRIBERS TUNING IN TO WATCH THE ORIGINAL INSIDE OUT –THE 2015 FILM GARNERING MORE THAN 100 MILLION VIEWS ON DISNEY PLUS FUELED BY THE RELEASE OF INSIDE OUT 2.

REVENUE FROM DISNEY’S STREAMING SIDE OF THINGS WAS UP BY 15%.

THE COMPANY SAYS IT WASN’T ANTICIPATING THIS SECTOR TO BECOME PROFITABLE UNTIL THE **FOURTH QUARTER.

THE **THIRD QUARTER EARNINGS REPORT CAME AS A NICE SURPRISE. 

AND NOW –

THE ENTERTAINMENT GIANT IS LOOKING TO FURTHER CAPITALIZE ON ITS STREAMING SERVICES –

WHICH MEANS CONSUMERS CAN GET READY TO PAY MORE FOR ITS SERVICE.

DISNEY IS SET TO RAISE ITS SUBSCRIPTION PRICES ON ALL PLATFORMS ONCE AGAIN THIS FALL.

WITH MOST PLANS GOING UP ONE TO TWO BUCKS A MONTH.

BUT THE GRADUAL PRICE HIKES OVER TIME – HAVE NOW MADE DISNEY PLUS COST TWICE AS MUCH TO WATCH SINCE IT LAUNCHED IN 2019.

THANKS FOR WATCHING OUR NEWS UPDATE.

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