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Disney plans to hike monthly charges for its ad-free Disney+ by $3 to almost $14, a 27% increase, and ad-free Hulu by $3 to almost $18, a 20% hike that will make it more costly than comparable Netflix tiers. The crackdown on password sharing is also expected to extend to next year.

Walt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year. The increases will raise the monthly cost of ad-free Disney+ by $3, or roughly 27%, to almost […]

Disney on Wednesday reported a loss for the most recent quarter, with the number of subscribers to its streaming service shrinking again, but a pledge to crack down on password sharing sent shares higher in after-market trades.

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Walt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year.

Walt Disney CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year

A screen displays the logo and a ticker symbol of The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S. REUTERS/Brendan

CEO vows to make services such as Disney+ profitable and announces crackdown on password sharing

SAN FRANCISCO: Disney on Wednesday reported a loss for the most recent quarter, with the number of subscribers to its streaming service shrinking again, but a pledge to crackdown on password sharing sent shares higher in after-market trades.

The media giant said the price hikes will go into effect on October 12.