Netflix is reportedly planning to raise its prices once the ongoing actors’ strike is over.
According to the Wall Street Journal, the online streamer is planning to hike the price of its ad-free plans a few months after the Hollywood actors’ strike comes to an end.
Although it’s unclear how much prices will increase, Netflix has already seen several recent price hikes, as well as removing its cheapest ad-free plan in the U.S. and U.K. as well as in Canada.
It’s also unclear exactly when the new prices will come into effect, as well as whether other online streaming services will follow suit.
The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) has been on strike since July 14, and it remains unclear when it will end. Actors resumed negotiations with the Alliance of Motion Picture and Television Producers (AMPTP) on Monday, and will continue tomorrow.
One media work stoppage, though, has come to an end, with the Writers’ Guild of America (WGA) having reached an agreement after months of strike action last week.
Meanwhile, Netflix has reached the end of an era – posting the last ever physical DVDs to customers last week.
Since the news broke of the upcoming price hikes, Netflix’s shares have gone up almost 3%.
This seems to be a common trend – when Netflix began cracking down on password sharing, the company saw a huge influx of subscribers with nearly 100,000 per day on May 26 and May 27. In fact, Netflix recently confirmed that it saw 5.9 million new subscribers as a direct result of its new password sharing crackdown.
Want to read more about Netflix? Check out all the details of Netflix’s current plans as well as the best horror movies you can find on Netflix right now.
Ryan Leston is an entertainment journalist and film critic for IGN. You can follow him on Twitter.
