The streaming giant is reportedly set to raise prices after the Hollywood actors strike ends.
According to a report from the Wall Street Journal, Netflix will raise prices in “several markets globally”, starting with the US and Canada, beginning a “few months” after the Hollywood actors strike ends.
The strike had been going from May to late September, The Writers Guild of America issued a statement announcing that an agreement had been reached with the Alliance Motion Picture Television Producers. A formal contract was being drafted on the negotiations on residuals, streaming, and the use of AI as a writing tool. Actors are still on strike, and it is not clear when they will resume work.
In Australia, Netflix’s basic plan is $10.99 per month. Its ad-free standard plan, which allows you to watch on two devices at a time is $16.99 per month, and its premium (4 devices at a time) is $22.99 per month. In the US, its ad-free standard plan is US$15.49 per month, and the premium plan is US$19.99 per month. Extra member slots are an additional $7.99 per month.
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It’s also not clear how much prices may rise by or whether it will affect Australian users, and Netflix has so far declined to comment.
The news comes months after Netflix announced a crackdown on password-sharing, where users who wanted to share their account with someone outside their home needed to pay an additional US$7.99 per month.
At first, the company reported a large uptake in new subscribers after the changes, but figures released by Teslyte in August found almost 200,000 Australian users abandoned the service in the last 12 months.
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