Disney tops Netflix on streaming subscribers, sets higher prices

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(VOVWORLD) - Walt Disney edged past Netflix with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials.

The media giant will raise the monthly cost of Disney+ without advertising by 38% to 10.99 USD in December, when it begins to offer a new option that includes ads for the current price.

Disney in 2017 staked its future on building a streaming service to rival Netflix as audiences moved to online viewing from traditional cable and broadcast television.

Netflix said it had 220.7 million streaming subscribers.