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Here comes another Netflix price hike
(www.theverge.com)
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this post was submitted on 18 Oct 2023
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This is the best summary I could come up with:
Netflix last raised its prices in March 2022, bringing the Premium plan to $19.99 and the Standard tier to $15.49.
The streamer stopped offering its $9.99 Basic ad-free plan to new and relapsed users in July, forcing them to fork out more to avoid ads.
“As we deliver more value to our members, we occasionally ask them to pay a bit more,” Netflix writes in its letter to shareholders.
Earlier this month, The Wall Street Journal reported the streamer would raise the cost of its subscription a “few months” after the Hollywood actors strike ends, and now it’s happened even though the actors are still striking.
Last month, the Writers Guild of America ended their strike after reaching a deal with services like Netflix to provide streaming data, higher minimum pay, and better residuals.
Meanwhile, the service is also debuting its Squid Game reality show and Scott Pilgrim anime in November, while also adding Across the Spider-Verse later this month.
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