By Ray Ampoloquio August 10, 2022
Disney is following through with its promise in March that a cheaper Disney Plus will be out later this year.
According to Disney, Disney+ "Basic" and "Premium" will be out on December 8.
The "Basic" subscription tier is the ad-supported plan that the company promised and will cost $7.99 a month.
Meanwhile, the "Premium" tier is the current ad-free plan and will see a price increase to $10.99 a month or $109.99 a year.
Disney Media & Entertainment Distribution chairman, Kareem Daniel, believes that the new pricing lets the company "cater to the diverse needs" of its viewers.
After welcoming 14.4 million new subscribers for Q3, it will be interesting to see if next year's numbers will reflect a similarly positive trend once Disney implements the Basic and Premium plans.