ESPN+ is putting an emphasis on the symbol at the end of its name. The Disney-backed streaming-video sports service intends to raise its monthly subscription fee by $3 a month — a 43% price h…
The Disney-backed streaming-video sports service intends to raise its monthly subscription fee by $3 a month — a 43% price hike that outstrips even the current rate of inflation — and it is doing so at a time when big media companies findStarting August 23, 2022, the price of an ESPN+ subscription will rise to $9.99 per month, compared with the current rate of $6.99 per month, and the cost of an annual subscription will rise to $99.99, compared with the current rate of $69.99.
Other streaming outlets are also searching for new ways to keep cash flowing as consumers have a wider array of choices from which to select — and for which to pay. Netflix earlier this week unveiled a new partnership with Microsoft to launch an ad-supported tier of its service, andWarner Bros. Discovery’s HBO Max has an ad-supported tier that is in many cases cheaper to buy than the linear HBO package sold by cable and satellite distributors.
Disney has continued to spend heavily on sports rights and a subscription hike would give the massive media company new revenue to offset the costs of new contracts with the NHL, PGA Tour and others. Indeed, some of the games it now offers were previously available on a stand-alone basis at costs that either were greater than the new ESPN+ price or that offered significantly less content. The NHL.tv package of out-of-market games was priced at $24.
Top Disney executives have made no secret of their desire to wring profits from the company’s growing emphasis on streaming. “As we increase our content investment, we believe that that’s going to give us the ability to adjust our price,” Disney CEO Bob Chapek told investors in May. The company also has reason to think ESPN+ at $9.99 a month remains competitive. Rival DAZN, which relies heavily on boxing, charges $19.99 per month. A new streaming offering from regional sports outlet NESN costs $29.99 a month for Boston Red Sox and Boston Bruins games. And many of the major leagues’ own streaming services cost anywhere from $14.99 to $24.99 per month.,
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
‘Scrubs’ Co-EP Eric Weinberg Arrested On Rape Charges; Held On $3.2M Bail By LAPDScrubs and Californication co-executive producer Eric Weinberg was arrested today by the LAPD on multiple sexual assault charges. The arrest is related to a series of rapes and more that the police…
Weiterlesen »
Houston woman accused of operating a $3.3M credit repair scheme to defraud banksA Houston woman was arrested Thursday after allegedly running a credit repair scheme that attempted to defraud financial companies of millions, authorities say.
Weiterlesen »
Ukraine seizes $3 million in cash, other assets from crypto traders accused of funneling Russian fundsUkrainian authorities have broken up what they say was a crypto trading desk that funneled money for Russians.
Weiterlesen »
Find the fake ridiculous NBA quote and outsmart ESPNCan you spot the Ballsack Sports quote?
Weiterlesen »
Netflix partners with Microsoft on ad-supported subscriptionsNetflix is partnering with Microsoft on offering ads with lower-priced subscriptions, as the streamer faces challenges growing its customer base.
Weiterlesen »