There are two viable models, and they are different businesses. In a subscription-led model, the monthly price is the main event: it is higher, most of your content is included, and you win with fewer, higher-value subscribers. In a funnel-led model, the subscription is a low-cost or free front door that fills your audience, and income comes mainly from pay-per-view, bundles, and tips.
Neither is inherently right, but your price only makes sense once you have chosen one. The model also shapes everything downstream — your growth funnel, your content mix, and how you handle retention. Pick deliberately, then commit long enough to read the results.