Netflix's Shocking Move: Prepare for Another Price Increase

🚀 Netflix plans to raise subscription prices again after the Hollywood actors' strike ends.

[{"selector":"#anim-838fae73-215a-4002-8736-2cc2c80e5b34 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-eff3b7d8-f1e0-4387-9bb6-8c2aeba577c5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0df37847-5288-40ef-889c-258c3e572db6","keyframes":{"transform":["translate3d(0px, 167.41369%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

💰 The price increase will roll out in several global markets, starting with the US and Canada.

[{"selector":"#anim-904bf31a-5911-4b4f-9976-029b505ce858 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-67c16e21-7e9a-44ca-84c0-f15a66f87db6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-64305cb8-bcc3-4ff7-ac3f-def0d5e988a7","keyframes":{"transform":["translate3d(0px, 174.75638%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

💸 The exact price hike amount remains unspecified.

[{"selector":"#anim-36c112ee-e7e3-44b8-94bb-955dffb36f63 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.21462252752049%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-65671d73-b059-45aa-a118-bca66e4ec8d5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bb81d95e-f990-410a-9887-5f73d7060ff4","keyframes":{"transform":["translate3d(0px, 209.03543%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

💻 Last year, Netflix increased prices for all plans, including the Standard and Premium tiers.

[{"selector":"#anim-a37ccc0d-a8c3-41e6-b8fe-2c39e5738a7a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.812499744007886%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-66024dc5-4551-4f55-a9e2-cd6d3b37970c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f3e90fe8-bb35-4ce2-987b-16cfec060ef8","keyframes":{"transform":["translate3d(0px, 166.86164%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

🔒 Netflix previously cracked down on password sharing, adding an extra $7.99 fee for non-household sharing.

[{"selector":"#anim-25a5d885-e555-4325-8039-a47b0d3c6efe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-44dc1827-0db1-41f3-aaa8-67dd97c56169","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1fab56d-c513-4932-b354-a37f2ff07b54","keyframes":{"transform":["translate3d(0px, 156.27499%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

🎬 The Writers Guild of America (WGA) strike recently ended, impacting streaming contracts.

[{"selector":"#anim-d931dc34-e822-485f-9839-64b7b344313a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.2249539685583%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-ba95d8a2-6a76-410a-a68d-5c3d854236db","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6a162acc-1c37-4a71-b1c6-13339aeabf35","keyframes":{"transform":["translate3d(0px, 188.88895%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

📊 The new WGA contract allows writers access to streaming data and offers compensation increases for high-budget films.

[{"selector":"#anim-6504a5b2-9d3a-4cc8-bcc9-617850b0de1e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.25204682946959%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-b7ede3eb-5f04-4989-b53d-1d9ffa9a36a8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4fc4c744-d260-45ef-a56f-9c832d96f7b5","keyframes":{"transform":["translate3d(0px, 160.59152%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

🌟 The cost of the new WGA contract accounts for only 0.2% of Netflix's annual revenue.

[{"selector":"#anim-053a43ad-8971-4025-b240-abf197f56043 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.2249539685583%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-855b907d-4dbd-4d2a-9ec5-3dff59b1e9f9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-451feddb-5a4b-449e-a799-1e1d630436aa","keyframes":{"transform":["translate3d(0px, 195.80898%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

🎭 Despite the strike's end, Hollywood actors remain on strike, affecting some productions.

[{"selector":"#anim-3706e8e6-85fb-4ac9-b5d9-efafa5181016 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.571987554213692%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-99a2f13d-36d1-4f6e-a421-2f728f8fb2af","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-89276588-f4af-47a5-97e5-f3c9621f326b","keyframes":{"transform":["translate3d(0px, 194.10632%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

📺 Netflix may wait until writers and actors return to justify the price hike with new content.

[{"selector":"#anim-7dfc51b2-9c53-446c-b0fd-7ea85b33b1b2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-6e1e6ada-0e85-4d93-b1b7-a9260369de50","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9d719af0-1785-4058-a48b-bc258de9f458","keyframes":{"transform":["translate3d(0px, 194.10632%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]