ESPN Adding Massive Price Hike to ESPN+ As Disney Stock Continues To Struggle – OutKick
From www.outkick.com
2022-07-15 18:41:04
Excerpt:
Fans subscribed to ESPN’s streaming service, ESPN+, are about to see a major increase in their monthly subscriptions beginning in August. The service is currently $6.99/month but will jump to $9.99 in August, representing a 43% increase.
The pressure to increase the cost likely came from parent-company Disney, which is suffering through one of its worst periods in history. Today, we reported on former Disney president Bob Iger acknowledging that naming Bob Chapek CEO was a mistake.
That comes out as Disney’s stock continues to plummet. The stock hit $90.38 on Thursday, marking a low not seen since the middle of the pandemic when the entire market crashed. It’s the lowest the stock has been – non-pandemic-related – in eight years.