A cheaper, ad-supported subscription tier of Disney+ will be launched on December 8, the company announced Wednesday.

In this photo illustration, the Disney + logo is displayed on the screen of a TV on December 26, 2019 in Paris, France.

The Disney + logo can be seen on the screen of a TV on December 26.

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The ad-free version of the service will cost $10 a month.

The current version of Disney+ does not have advertisements.

Disney's streaming platforms are getting new pricing and ad tiers.

Disney+ had 152.1 million subscribers on Wednesday, up from April's 15 million.

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Competition is increasing and streaming services are trying to retain viewers. After losing subscribers for the first time in a decade earlier this year, the company announced plans to launch a cheaper tier with ads in three years. Warner Bros. Discovery, which was formed in April after Discovery merged with former AT&T subsidiary WarnerMedia, said last week that it will include an ad-supported tier.

Here's how the major streaming services are faring so far this year.

A streaming service will combine the two.

Warner Bros. plans to restructure as Discovery and HBO swap content.

CNN will shut down after a month.

The survey suggests that streaming viewers feel overwhelmed.

After it reported a smaller subscriber loss than expected, shares of the company jumped over six percent.

It's the first time in ten years that the company has lost subscribers.