Netflix expected to raise prices AGAIN – after actors strike comes to an end

Netflix is reportedly planning yet another price hike for subscribers following the Hollywood strikes.
According to the Wall Street Journal, price increases are likely to begin with North American audiences in the US and Canada.
The outlet did not confirm how much fees would increase by or exactly when, but reported that “people familiar with the matter” confirmed price hikes were being discussed across several global markets.
The changes are expected to happen following the actors and writers strikes, run by the The Writers Guild of America and the Screen Actors Guild, both of which are in discussions with various entertainment behemoths over pay and conditions.
Daily Express US has approached Netflix for comment.
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The streaming giant is reportedly looking into increasing the cost of plans that don’t contain adverts, which began in the fall of 2022.
Prior to this, subscribers on all payment tiers were not subjected to adverts throughout their programmes – but now the lowest cost plan, “Standard with Ads” is available in the US, Mexico, UK, Australia and some other countries.
Plans that don’t include adverts may reportedly be subjected to price increases – less than two years after US prices were last escalated.
For American consumers, the standard plan without adverts for subscribers costs $15.50 monthly, with a 4k plan setting users back $20 per month.
Those opting for the lowest price tier pay $6.99 a month – but short adverts are shown prior to and throughout programmes and films.
At the time, a spokesperson for Netflix said: “We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options.
“As always we offer a range of plans so members can pick a price that works for their budget.”
The news follows a steady increase in Netflix prices in the last five years, with previous hikes in 2020 and 2019.
Among the biggest streaming services, Netflix is the third most expensive regarding its non-advert plans.
Hulu and HBO Max both cost more, whereas Disney+, Paramount+, Peacock and Prime Video set the consumer back less.
But the potential Netflix increases follow a trend among the streaming platforms, with the advert free plans for Disney+, Hulu and ESPN+ all rising on October 12 for US users.
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