Netflix Plans To Raise Prices After SAG-AFTRA Strike Ends – Report

It appears that Netflix is heading towards another price hike once a SAG-AFTRA deal is finalized. The Wall Street Journal reported that the streaming juggernaut is planning to raise the price of its ad-free service after the ongoing Hollywood actors' strike ends.

Netflix is discussing raising prices in several markets globally, but will likely begin with the United States and Canada, the WSJ reported, citing people familiar with the matter. It was not immediately clear how much Netflix will raise prices or when exactly the new prices will take effect, according to the report. It's also uncertain if other online streaming services will follow suit.

The current Netflix prices are as follows: Standard with ads: $6.99/month; Standard ad-free: $15.49/month (extra member slots can be added for $7.99 each/month); Premium: $19.99/month (extra member slots can be added for $7.99 each/month).

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