Disney Slashes Disney+ Price To $2 As Battle With Charter Rages On
Portfolio Pulse from Chris Katje
The Walt Disney Company (NYSE:DIS) is offering a major discount on several Disney+ plans, reducing the price of its basic plan to $1.99 per month for a three-month period, a 70% discount from the usual $7.99 monthly rate. This promotion coincides with the release of new content on the platform and precedes a planned price increase for its Disney+ Premium plan and several bundle tiers. Disney is also in a dispute with Charter Communications (NASDAQ:CHTR) over carriage fees. Disney shares recently hit a nine-year low and are down 9% year-to-date in 2023.
September 06, 2023 | 8:21 pm
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Disney is in a dispute with Charter Communications over carriage fees.
The dispute with Disney could impact Charter Communications' revenues, depending on the outcome. However, the direct impact on the company's stock is unclear at this stage.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Disney is offering a major discount on its Disney+ plans, which could boost its subscriber figures. However, the company's shares recently hit a nine-year low and are down 9% year-to-date in 2023.
The discount on Disney+ plans could attract more subscribers, potentially boosting revenues. However, the company's shares are currently performing poorly, which could deter investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100