Are you a fan of horror movies? Shudder, one of the best services dedicated to all things horror has recently announced that it will be raising the price of its plans from $5.99 a month to $6.99 a month. This price hike will take effect for new subscribers today, and current subscribers will see the price hike on their next bill after August 28th, 2023.
Here is the announcement posted on Shudder’s website:
To continue delivering new and exclusive premium television programming from around the world, the pricing of our Shudder subscriptions will increase on August 29th, 2023 for subscribers in the US and Canada.
Our updated pricing is part of our commitment to improve Shudder, so you have even more of the world-class entertainment you like to watch waiting for you. The new rate of $6.99/month (plus applicable taxes) for our monthly plan and $71.88/year for our annual plan will be reflected on your next billing cycle after August 28th.
Subscribers in other countries will not be affected at this time.
This comes as AMC has been looking for ways to make its streaming services profitable. To help do this, AMC has announced that it will be launching an ad-supported version of its streaming service AMC+.
“This is a big moment for AMC Networks and for our advertising partners because it not only creates a fully-ad supported distribution ecosystem, it also allows advertisers to buy our shows, genres, and franchises in a much more comprehensive and impactful way,” said Kim Kelleher, chief commercial officer of AMC Networks. “With our new series content, library titles, and other targeted streaming platforms that are all bundled into AMC+, partners can move beyond individual shows and even series and choose to ‘own’ whole genres and franchises, and drive messaging to target audiences no matter what they are watching or where. We’ve never been able to offer this level of sweeping yet highly focused reach before in such an effective and comprehensive way.”
Now it seems that price hikes are also part of their plan to become profitable.