Disney Plus is hiking prices starting Friday

From CNET: Disney Plus is raising its price by $1 to an $8-a-month subscription in the US starting Friday, with its annual subscription going up $10, to $80 a year. And Disney's discounted bundle that packages Disney Plus, Hulu and ESPN Plus together will also go up by $1 in the US: People with the bundle that includes ad-supported Hulu will see their bills rise to $14 a month. Those with the newer bundle, which includes ad-free Hulu, will start paying $20.

The price hikes, announced in December, will begin showing up for existing subscribers in their first bill on or after Friday. They also apply to Disney Plus globally, not just in the US. The increases in other countries are roughly on par with those in the US, only in local currencies. For example, in continental Europe, prices are going up by two euros to nine euros a month.

"These price increases reflect an increase in the underlying value of the Disney Plus product offering," Disney Chief Financial Officer Christine McCarthy said in December when the company announced the plan.

By comparison, Netflix's most popular plan costs $14 a month, after the streaming giant raised its own prices earlier this year. Netflix's cheapest tier is $9, and its premium package -- which unlocks perks like 4K resolution, HDR image quality and the ability to stream on four devices at the same time (benefits that Disney Plus offers standard) -- costs $18 a month.

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