Disney+, meanwhile, boasted over 80 million as of the investor call, well above projections for its first year. It is also producing major new originals based on properties like Resident Evil, The Chronicles of Narnia, DC’s Sandman, and Cowboy Bebop.Īs of Q2 2020, Netflix had nearly 193 million paid subscribers worldwide. This includes new seasons of smash hits like Stranger Things, The Umbrella Academy, The Witcher, and The Crown. Netflix will continue to release a broad variety of originals moving forward in 2021. These projects, while certain to draw huge audiences, are also certain to cost a pretty penny to produce. At this event, it announced plans for a huge swath of original series from Star Wars, Marvel Studios, Pixar, and more. Disney has said that an increase like this will be necessary in order to meet its ambitious production goals and reach profitability by 2024.ĭisney confirmed plans for a price hike after its massive Dec. This increase is believed to be by only $1, bringing the service’s cost to $7.99 a month. Netflix isn’t alone in raising its prices, as Disney+ is also set to raise its price sometime in March 2021, according to CNN. RELATED: Netflix Releasing ‘Cobra Kai’ Season 3 Ahead of Schedule

Streaming is liable to getting costlier as the arms race picks up The premium plan – which allows 4K HDR streaming on up to 4 accounts, will increase by $2 to $17.99. The standard plan – which allows HD streaming on up to 2 accounts – will increase by $1 to $13.99 a month. Specific plans will increase by different amounts. “With stories that lift you up, move you or simply make your day a little better.” “This update will allow us to deliver even more value for your membership,” Netflix’s email alert reads.

For their part, Netflix claims that this increase is to better allow the company to produce original content. Whatever the real intention behind this price hike is will likely never be known. Members will be charged the new amount on whatever day of the month their subscription renews. The increase will go into effect during January. New email alerts have been sent to existing Netflix subscribers that the new price hike will soon be reflected on their accounts. RELATED: ‘Bridgerton’: The New Netflix Show Is Actually Super Sexy | Filip Radwanski/SOPA Images/LightRocket via Getty Images In this photo illustration a Netflix content platform logo seen displayed on a smartphone.

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