Bad news for  Disney Plus subscribers.

The media giant announced that it will increase the price of its streaming service from $7.99/month to $10.99/month

(The annual rate will also increase from $79.99/year to $109.99/year).

The new rates will take effect on December 8.

An ad-supported version of Disney Plus will also launch on that date for $7.99/month.

However, there's a trick you can do now to avoid paying the higher rate.

If you're not a member and have been on the fence, simply lock in the $7.99/month ($79.99/year) Disney Plus price by subscribing now(opens in new tab).

Otherwise, if you're a current member your best bet is to opt for the annual Disney Bundle(opens in new tab).

The Disney Bundle offers the best value and will only increase $1 from $13.99/month to $14.99/month — savings of around $14 vs their new pricing.

It includes ad-free Disney Plus and ad-supported Hulu/ESPN Plus.