Streaming is about to get a lot more expensive [View all]

New York(CNN Business) Disney threw down the gauntlet to its competitors last week, with a slate of remarkable programming on Disney+ alongside some eye-popping subscriber numbers and forecasts.

Fans of Disney+ will have roughly 10 new series from Marvel and Star Wars alongside a cornucopia of other content. Disney plans on spending between $14 billion and $16 billion across its streaming ventures to make all those shows and movies.

Someone has to pay for all that content -- and that someone is probably you, the customer. If Disney wants to achieve its forecast of hitting profitability in fiscal 2024, it has to raise prices.

It said it will do that in March. And, after that, it'll likely have to do it again.

"Increasingly streaming, in general, is taking a greater share of the consumer's wallet," Bernie McTernan, a senior analyst at Rosenblatt Securities, told CNN Business.

And it's not just Disney (DIS) that is raising prices. Netflix (NFLX) has already announced a price increase and other competitors may have to do the same if they want to produce the kind of content Disney showed it could while remaining a stable business.

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https://www.cnn.com/2020/12/13/media/streaming-price-disney-netflix/index.html