Unless you are rich — and maybe still some of the wealthy, too — must have some sort of monthly budget for expenses.
In these troubled times, but hopefully soon improving as vaccines travel the world, we must look at whatever money we’re making and budget accordingly. Streaming channels are part of the overall entertainment budget and the cost of them is and will continue to rise.
Netflix has been not so quietly increasing its monthly subscription prices over the past few years (see: ) and in Disney’s recent earnings call, they announced plans to increase Disney+ pricing by a $1/month in March ($7.99/month instead of $6.99).
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.Streaming is about to get a lot more expensive – CNN
From time to time we analyze what we’re spending on entertainment. If you figure we can’t have our $44/month for the unlimited theater budget at the moment (see: ), that leaves an additional $44 for streaming channels.
Here’s what we’re spending and where (from most expensive to least):
- Netflix ($17/month + tax) $18.70
- HBO Max ($72 + tax, bi-annual) $13.20
- Amazon Prime ($120 + tax, annual) $11
- Disney+ ($80 + tax, annual) $7.33
- Hulu ($5.99/month + tax) $6.60
- CBS All Access ($5.99/month + tax) $6.60
- Peacock premium (Free, included with XFinity High Speed Internet)
All things considered, we feel like that $63.43 is reasonable. Do we want to see it rise to over $100/month? No, but something tells me in 5-10 years, perhaps sooner, the costs will continue to rise under the guise of, “hey, look how much content we have!”
Unless more of the channels we watch opt for advertising to pay the difference. CBS All Access and Hulu both have ads. HBO Max is going to add ads, but hopefully not to the subscription we’re on. The rest of the streaming channels we subscribe to don’t have ads at this time, including the most expensive: Netflix.
How much are you spending monthly on streaming? How much are you willing to spend going forward?