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The company raised subscription prices across most plans in the U.S. and several other markets. It added 19 million subscribers in the fourth quarter of last year.
Netflix has posted astonishingly strong earnings after raising prices. That signals to Disney that the industry as a whole is healthy.
The standard monthly subscription without advertisements will climb from $15.49 to $17.99, and a standard monthly subscription with ads will increase one dollar to $7.99, Netflix said.
Netflix announced Tuesday it will raise prices on most of its subscription tiers in the US and Canada after the streaming giant reported 19 million new subscribers in the last quarter of 2024.
The earnings report solidified Netflix's dominance in the market, with hits such as "Squid Game" and a boxing match between Jake Paul and Mike Tyson.
Disney+ added 4.4 million core subscribers last quarter, excluding the lower-priced Disney+ Hotstar service in India.
Netflix will kick-start media and tech earnings season Tuesday, reporting what are projected to be stellar subscriber numbers.
Walt Disney will soon be a majority owner of sports-focused streaming television brand FuboTV. The agreement, however, subtly but significantly favors Walt Disney by virtue of offering it an array of future options.
Investing.com -- Walt Disney Company (NYSE:DIS ... Streaming entertainment and technology standout Netflix (NFLX) stock has climbed 400% off its 2022 lows and 75% in the last year to crush ...
Companies donated millions to support relief efforts after the catastrophic Los Angeles wildfires, providing resources and recovery assistance to communities.
Netflix NFLX is slated to report fourth-quarter 2024 results on Jan. 21. For the fourth quarter of 2024, Netflix forecasts revenues to increase 15%, which equates to 17% growth on an F/X-neutral basis.