Netflix plans to raise the price of its services, but is reportedly waiting for the actors’ strike to end first
The news, which in the time of rising prices of everything, is probably not surprising, is that it seems that Netflix is planning to raise the prices of services, but will allegedly wait for the actors to end the strike first. The Screen Actors Guild of the American Federation of Television and Radio Artists (SAG-AFTRA) has been protesting for months because members are unhappy with income, including what they get left over from streaming, and because of concerns about artificial intelligence in the film industry.
The increase in the prices of this streaming giant would thus be just one more in a series of price hikes for streaming platforms such as Spotify, YouTube and others, and information about it was published by the Wall Street Journal.
The current price of a Netflix standard membership, which is the cheapest ad-free subscription, is $15.49. The last time the prices were adjusted was in early 2022, but if we look at the history of Netflix price increases for this package, the increase that they may introduce now, fits the previous pattern.
Namely, this streaming service increased the prices of its services in October 2017, January 2019, October 2020 and then in January 2022. This practically means that October 2023 has arrived, which seems to be on the way.
However, the WSJ did not announce how much its services will be more expensive, while the Netflix service, on the other hand, did not want to comment on the news. However, as in the case of the time pattern, we can also make a price pattern.
The last three price increases for standard membership were between one and two dollars. For example, $2 in January 2019 was the most this package has ever gone up, with the last increase coming in 2022 by an additional $1.50 per month. If Netflix really increases the prices, we hope that it will not be more than two dollars this time, but right now we can only hope until more information is available.