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Disney+ subscription price increasing by $3 starting in December

Elizabeth Warren
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The monthly subscription cost of Disney+ in the U.S. is about to hike in price by $3.

On Wednesday, Disney announced that starting Dec. 8, the monthly subscription price of the streaming service will cost $10.99 for ad-free, which currently costs $7.99.

The monthly subscription price for Disney+ with ads, will cost $7.99.

News of the price increase comes as Disney looks to restructure the pricing of subscription plans after reporting that Disney+, Hulu and ESPN+ combined to lose $1.1 billion in the fiscal third quarter, CNBC reported.

Hulu, which Disney also owns, will also increase in price.

With ads, the subscription will jump to $7.99 a month, while Hulu without ads will cost $14.99 a month.

The company also introduced new buddle options.

Disney+ and Hulu with ads will be $9.99 a month, while Disney+, Hulu, and ESPN+ will cost $12.99 a month.