The leading streaming platforms now cost you $702 a year more than five years ago — and Disney+, Apple TV, and Peacock are the worst of the bunch

A recent report reveals that streaming services have become significantly more expensive compared to cable television, with Disney+, Apple TV+, and Peacock experiencing the biggest price hikes over the past five years. According to The Hollywood Reporter, the combined subscription costs for nine popular streaming services have increased by 61% in the last five years, rising from $95.91 per month ($1,150.92 annually) to $154.41 per month ($1,852.95 annually) in current prices. This translates to a staggering $702 annual increase.

While every service has seen price hikes, some platforms have increased more dramatically than others. Disney+ leads the pack with a 200% price increase, followed by Apple TV+ at 138% and Peacock at 100%. Even heavyweight streaming giants like Netflix and Spotify haven't seen such drastic increases, despite facing criticism for their own price hikes.

Both companies claim to be investing in their services to provide a better user experience, but critics argue that this often translates to vertical video feeds rather than enhancing the quality of movies and shows.

Over the past year, streaming services have raised prices by 11.8%, compared to a mere 3.9% increase in cable and satellite prices. The rapid growth of streaming prices, even surpassing inflation, raises concerns about the future of this industry. For viewers previously considering switching from cable to streaming, this report suggests that staying with cable might be a more cost-effective option.