Subscribers to ESPN’s streaming service will face a 43 percent increase in monthly fees as the Disney owner continues to see the share price drop.
ESPN+ is currently $6.99 per month. However, starting in August, this price will increase to $ 9.99 a month. .
.@espn increases the price @ESPN Plus up to $9.99/month/$99.99/year from next month.
In May, Disney announced that ESPN+ had 22.3 million subscribers.
@Ourand_SBJ https://t.co/3WGS7asW4m pic.twitter.com/IJPbLaBqwx
– Sports Business Magazine (@SBJ) 15 July 2022
Outkick’s Dan Zaksheske wrote: “In May, Disney reported that ESPN+ had just over 22 million subscribers. However, it is unclear how many of these subscribers belong to the Disney (Disney+/Hulu/ESPN+) bundle.”
Clay Travis said the price increase was linked to Disney’s stock collapse. On Thursday, Disney shares fell to an eight-year low of $90.38 per share.
Disney shares hit an eight-year low this morning. If you bought and held shares in December 2014, you lost money. (even without inflation). With the cable cut, the flow was a disaster. Waking up doesn’t help either. pic.twitter.com/HrJs3kTYOq
– Clay Travis (@ClayTravis) 13 July 2022
Disney has a rough relationship with ESPN. Last year, insiders reported that the entertainment giant was desperately looking for a way to eliminate ESPN.
One of the reasons Disney was dissatisfied with ESPN is that they charged the cable companies $10 per customer for ESPN, but when they let those customers drop cable and buy ESPN+ for $6.99, they lost three dollars per customer. in agreement. This may be one of the reasons why Disney raised prices.
Source: Breitbart
