Netflix's Shocking Move: Prepare for Another Price Increase

๐Ÿš€ Netflix plans to raise subscription prices again after the Hollywood actors' strike ends.

๐Ÿ’ฐ The price increase will roll out in several global markets, starting with the US and Canada.

๐Ÿ’ธ The exact price hike amount remains unspecified.

๐Ÿ’ป Last year, Netflix increased prices for all plans, including the Standard and Premium tiers.

๐Ÿ”’ Netflix previously cracked down on password sharing, adding an extra $7.99 fee for non-household sharing.

๐ŸŽฌ The Writers Guild of America (WGA) strike recently ended, impacting streaming contracts.

๐Ÿ“Š The new WGA contract allows writers access to streaming data and offers compensation increases for high-budget films.

๐ŸŒŸ The cost of the new WGA contract accounts for only 0.2% of Netflix's annual revenue.

๐ŸŽญ Despite the strike's end, Hollywood actors remain on strike, affecting some productions.

๐Ÿ“บ Netflix may wait until writers and actors return to justify the price hike with new content.