Netflix's Shocking Move: Prepare for Another Price Increase
🚀 Netflix plans to raise subscription prices again after the Hollywood actors' strike ends.
💰 The price increase will roll out in several global markets, starting with the US and Canada.
💸 The exact price hike amount remains unspecified.
💻 Last year, Netflix increased prices for all plans, including the Standard and Premium tiers.
🔒 Netflix previously cracked down on password sharing, adding an extra $7.99 fee for non-household sharing.
🎬 The Writers Guild of America (WGA) strike recently ended, impacting streaming contracts.
📊 The new WGA contract allows writers access to streaming data and offers compensation increases for high-budget films.
🌟 The cost of the new WGA contract accounts for only 0.2% of Netflix's annual revenue.
🎭 Despite the strike's end, Hollywood actors remain on strike, affecting some productions.
📺 Netflix may wait until writers and actors return to justify the price hike with new content.