EntertainmentStreamingDisney+ massively hiked its price – and hardly anybody quitIt looks like price isn’t the most important consideration for Disney+ subscribers: the latest price hike had hardly any impactWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
EntertainmentStreamingDisney+ massively hiked its price – and hardly anybody quitIt looks like price isn’t the most important consideration for Disney+ subscribers: the latest price hike had hardly any impactWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
It looks like price isn’t the most important consideration for Disney+ subscribers: the latest price hike had hardly any impact
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: Glenn Carstens Peters / Unsplash)
(Image credit: Glenn Carstens Peters / Unsplash)
Thebest streaming serviceshave to do quite a tricky balancing act: they would really like to bring in more money, but there’s always a risk that upping their prices means losing more customers and putting potential ones off. But it seems that forDisney+the balancing act isn’t quite as tricky as you might think. Despite one of its biggest price hikes in years, the service isn’t seeing a mass exit of subscribers.
According to analytics firm Antenna, whenDisney+ upped the price of its ad-free service from $7.99 a month to $10.99 a month – an increase of nearly 40% – it had very little impact in the US. According to Antenna, 94% of paying subscribers stayed. And it’s likely that many of the 6% who didn’t may have gone for the ad-funded tier instead.
That’s good news for Disney, of course: it’s trying to sort out something of a financial crisis and is in the middle of a massive cost-cutting exercise that’s seeing projects delayed or cancelled and many jobs being lost. But it might be bad news for streaming subscribers.
What do the Disney+ numbers actually mean?
But I think it’s more complex and Disney-specific than that. First of all, even after the price hike Disney is significantly cheaper than rivals such asNetflixand HBO Max, so people clearly haven’t gone “this price hike is too much! I’m off to a more expensive service!” And secondly, I think Disney+ is a slightly different proposition from other streamers.
The difference, I think, is that the best-known streaming services are primarily content distributors where Disney is a content creator. Sure, other services make their own content and shout about it. But the reason so many shows and movies disappear from the likes of Netflix orAmazon Primeis because Netflix andAmazondidn’t make them and doesn’t own them. Originals still make up a relatively small part of their offering.
With Disney, though, you’re subscribing to a content-creating empire that appears to own most of the entertainment industry. The Disney+ catalogue is massive and generally of very high quality, and it’s not available elsewhere: if you wantBlack Panther: Wakanda Forever, or The Menu, or The Mandalorian, ordocumentaries where U2 take your favourite songs and murder them(I watched that one the other night after hyping it up. I’m sorry if like me you were dreadfully disappointed), you need that Disney subscription.
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What I think the numbers indicate here is that there’s value to Disney+’s content. It’s not that price isn’t a consideration for its customers; it is. But it looks like people who’ve come to Disney+ at lower prices feel that it delivers enough value that they’ll stick with it even if the price goes up. And I know that because I’m one of them: while I’ll often unsubscribe from streaming services after the end of particular shows, all I did about the Disney+ price hike was tut and renew my subscription.
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