![]() ![]() ![]() The agreement also includes a new bonus structure, which will see writers paid lucrative bonuses for their most popular shows. The report does point out, however, that the price increases will start in the United States and Canada, with similar plans in the works for other markets around the world.Īs part of the tentative agreement with the Writers Guild of America, Hollywood studios agreed to significant minimum pay increases, protections against the use of AI tools, compensation and guarantees for writers employed at pre-green light development stages, and more. There’s no word on how much of an increase we’ll see this time around. The report says that Netflix plans to announce the price increases “a few months after” the Hollywood actors strike officially comes to a close. This prompted the Screen Actors Guild, which has been striking since July, to restart their negotiations. There’s no word on when the actors strike will end, but the Writers Guild of America announced a tentative deal with studios last week. The Wall Street Journal reports that Netflix is planning to increase its prices once the ongoing Hollywood actors strike comes to an end. So without all of that explanation out of the way, where are we now? Well, apparently we’re looking at another round of price increases. This effectively raised Netflix prices by removing the most affordable plan without ads, instead requiring users to pay $15.49 for an ad-free experience. A few months later, Netflix introduced its first-ever ad-supported tier priced at $7 per month.įast forward (get it?) to June 2023, and Netflix silently discontinued that aforementioned “Basic” plan. This comes after Netflix increased its prices across the board over a year ago, but also effectively increased its prices by discontinuing its “Basic” tier just a few months ago.Īs a refresher, Netflix raised its prices in March 2022, with the “Basic” plan increasing from $8.99 to $9.99, the “Standard” plan increasing from $13.99 to $15.49, and the “Premium” plan rising from $17.99 to $19.99 per month. The breakout hit “Squid Game” is just one example of a show that probably wouldn’t have been made (indeed the creator shopped it unsuccessfully for years) without Netflix’s deep pockets.Netflix is about to get more expensive, starting in the United States and Canada. While nobody likes to lose another buck a month, the value proposition is hard to deny with the platform’s seemingly endless selection of increasingly international productions. ![]() The pandemic has seen something of a historic increase in demand for TV and movies, and while Hollywood is still trying to sort out its strategy, Netflix has confidently doubled down on a winning formula and slipped its customers the bill. One imagines they waited until January just so no one can say they raised the price three years in a row. The last increase was in 2020 (standard went from $13 to $14) and before that 2019 (from $11 to $13). In Canada the new prices are $16.49 for Standard and $20.99 for Premium, with Basic unchanged at $9.99. ![]() The hikes were first reported by Reuters, which Netflix told: “We’re updating our prices so that we can continue to offer a wide variety of quality entertainment options.” All new subscribers will see the new prices starting today, and existing customers will receive an email notice 30 days before the increase enters effect. Netflix has raised the prices of its subscription services once again in the U.S. ![]()
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