Apple has announced that raising the cost of its subscription services across the board, the change includes an increase of Apple TV+, Apple Music, and its Apple One bundle.
Apple TV+ sweeping price bumps from $4.99/month to $6.99/month, Apple Music goes from $9.99/month to $10.99/month, and the Apple One bundle (including Apple TV+, Apple Music, Apple Arcade, and more) goes from $14.95/month to $16.95/month.
This would make their first hike for Apple TV+ since its 2019 launch, with a spokesperson telling CNET that “The cost is going up as the service’s catalog has grown and carries additional costs. Apple also says it’s raising its prices to account for the music industry’s “increase in licensing costs” and explains its Apple TV+ hike is in order after a “very low price” launch. The publisher has grown its TV and movie offerings since its 2019 debut at $4.99, remaining one of the cheapest streaming services until now. The company started at a very low price because they just had a few shows and movies.” Apple has since expanded its slate of offerings and won the best picture award at the Oscars this year for the movie “CODA.”
The service has a number of high-profile shows and films on the way, including “Ted Lasso” Season 3, Martin Scorsese’s “Killers of the Flower Moon,” and Ridley Scott’s film, “Napoleon” and“Breaking Bad” creator Vince Gilligan’s next show.
International markets and some other bundles will see similar price increases. The price hikes come during a period of rapid inflation around the world that is forcing businesses to raise prices while still attempting to preserve consumer demand.
It’s expected these price changes will go into effect during the next billing cycle or it will mark another blow if you sign up today.