DISNEY announces new ad-supported streaming service while Netflix loses customers. Statistics show Disney+ has overtaken Netflix in the race for paid subscribers at the start of July.
The demand has increased since the platform Hulu and the sports-focused ESPN+ was introduced. Later this year, Disney+ will launch a new ad-funded service in the US, which will still be charged at the current subscription rate of $7.99.
The charge for the ad-free service will rise to $10.99 per month. The firm plans to launch its ad-funded service outside the US next year.
But executives said they do not expect the rise in prices to put off customers over the long term. Read More on The Sunfeeling hot hot hot How hot does it have to be to legally leave work?DREAM FIND I’ve found the leggings I’ve been looking for my whole life - they're only £10 They also seeing strong interest from companies hoping to advertise on the new service.
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