Disney+ and Hulu subscriptions are getting more expensive

This is Conway Gittens reporting from the New York Stock Exchange with today’s top stories from TheStreet.

Markets Rebound on Positive Earnings

Wall Street showed signs of recovery, driven by stronger-than-expected corporate earnings.

• Shopify reported a 21% surge in second-quarter revenue, surpassing estimates.
• Lyft not only topped sales forecasts but also achieved a major milestone by posting its first-ever net profit.

Disney+ Turns Profitable for the First Time

In another significant development, Walt Disney’s streaming division, including Disney+, Hulu, and ESPN+, posted its first quarterly operating profit of $47 million since launching Disney+ in 2019.

Disney CEO Bob Iger’s team credited the profitability to the combination of compelling content and a robust brand portfolio. In a statement, they said:

“We were pleased to see our combined streaming business profitable in the third quarter ahead of our guidance, and we remain on track for that profitability to improve in Q4.”

The company also noted that its streaming success is partly fueled by synergy with its film business, which draws new subscribers eager to catch up on popular franchises before sequels hit theaters.

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Price Hikes Across Disney’s Streaming Services

Subscribers will soon pay more for Disney’s streaming offerings, with price increases effective in October:

• Disney+ with ads: Increasing from $7.99 to $9.99 per month.
• Disney+ without ads: Rising from $13.99 to $15.99 per month.
• Hulu with ads: Jumping to $9.99 from $7.99.
• Hulu without ads: Climbing to $18.99 from $14.99.
• ESPN+: Increasing by $1 to $11.99 per month.

Additionally, Disney is introducing a new streaming bundle to better compete with Netflix. The bundle, which includes Disney+, Hulu, ESPN+, and Max (from Warner Bros. Discovery), will be priced at $30 per month.

That’s your Daily Briefing. Reporting from the New York Stock Exchange, I’m Conway Gittens with TheStreet.

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Lailyah Duncan

Lailyah Duncan is an insightful writer at The Chieftain Spear, where she explores themes of culture, resilience, and community through compelling storytelling. Passionate about bringing diverse perspectives to light, Lailyah's work reflects a deep commitment to empowering voices and fostering meaningful conversations. With a talent for weaving narrative and purpose, she continues to inspire her readers with thought-provoking articles that celebrate heritage and advocate for positive change.

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