This is the best summary I could come up with:
Paramount Plus and HBO Max have already done so this year, and Disney Plus and Hulu with Live TV are slated to follow suit next month with price hikes of their own.
Everyone’s long-standing concerns about the streaming space being a bubble on the verge of popping have proven to be more than warranted over the past few months as two of Hollywood’s ongoing labor strikes have raged on.
But with the most recent round of services like Disney Plus, Hulu, Peacock, and Paramount Plus raising their prices — during Hollywood’s ongoing double labor strike, no less — to meet the demand of shareholders for never-ending profits, the time has come for all of us to seriously rethink our relationships with the platforms that have become “the new cable.”
Over the weekend, the Financial Times published a bit of analysis about the current state of streaming that should only come as a surprise to those who haven’t been paying attention to how most of the major Subscription Video On Demand (SVOD) platforms, and many smaller ones like Starz, Shudder, and BritBox, have hiked up their prices in the past year.
A media update reported by Variety, The Hollywood Reporter, and The Streamable confirmed prices for both of its streaming plans are going up, effective August 17th for existing customers, with the cheaper Premium plan going up by $1 each month, from $4.99 to $5.99, and the Premium Plus package that gets rid of ads on most content and adds downloads for offline viewing along with access to live, local NBC channels is going up by $2, from $9.99 to $11.99 per month.
Netflix, Hulu, Disney Plus, ESPN Plus, and Apple TV Plus all announced price hikes this year, which means we’re forced to have to pay more money to keep up with the shows that are actually relevant, like Andor or Stranger Things.
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Will the producers and script writers finally recognize the subpar content they are providing once audiences unsubscribe from these streaming services?
Well then we are doing them a service then.