this post was submitted on 03 Oct 2023
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This is the best summary I could come up with:
Netflix is planning to increase the cost of its streaming service yet again, according to a report from The Wall Street Journal.
The streamer will reportedly issue the price hike a “few months” after the Hollywood actors strike ends, which could happen in the coming weeks.
Just last week, the Writers Guild of America (WGA) ended its strike and began voting on a contract with major Hollywood studios, including Netflix, that could change the business of streaming.
For example, Netflix, Disney Plus, Hulu, and other services will now have to share streaming data with the WGA under the new contract, allowing writers to see how well their content performed.
Netflix is likely waiting until the end of the strike to raise prices, as hiking up costs when no new content is coming out doesn’t seem like a smart move.
Once both writers and actors are back to work, there will likely be a lot of new shows and movies coming out that Netflix can use to justify the increase.
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