Netflix, much like other streaming services including Max and Disney Plus, has gone through a number of changes in recent years. This has included several price increases as a result. Now it looks like Netflix is once again preparing to increase their prices.
This report comes via The Wall Street Journal, and it appears to be planned to come into effect once the SAG-AFTRA strike ends. Specifically, the WSJ claims that the price hike will come as soon as a “few months” following the strike. This increase will occur in “several markets globally,” including the US and Canada.
The most recent increases for Netflix prices happened last year. At that time, prices were raised for the ad-free Standard tier to $15.49 per month, while the Premium plan was raised to $19.99 per month. They also removed the ad-free $9.99 per month tier and replaced it with a $6.99 per month ad-supported plan.
Additionally, these are far from the only changes made by Netflix recently. The home of Stranger Things also began a password-sharing crackdown. Now users that wish to share their account with someone outside of their household have to pay an additional $7.99 per month.
It’s unknown how all of these changes will effect the streaming service going forward. After all, there is plenty of competition in the streaming industry now. And once actors go back to work following the resolution of the SAG-AFTRA strike, we could see even more alterations. This could also be the start of a new wave of price hikes for streaming services overall. Especially as Disney Plus has a price hike coming later this month.
Stay tuned to ScreenGeek for any additional updates regarding Netflix and the other streaming services as we have them. It’ll certainly be interesting to see how this impacts Netflix and the streaming industry as a whole.