Netflix plans to raise prices again once actors strike is resolved: Report

Streaming platform Netflix is reportedly planning to raise the price of its service but will wait until the actors strike is resolved.

The move would likely be implemented in the United States and Canada first and then be incorporated in other global territories. The increase would affect Netflix’s ad-free plans, which are already at $15.50 per month for a standard plan or $20 per month for a premium plan, according to the report.

DEMOCRACY DERBY: KENTUCKY SECRETARY OF STATE TESTS MCCONNELL CANDIDATE QUALITY THEORY

It is not known how much a possible price increase would be.

The reported increase by Netflix comes as Disney+ is scheduled to raise its prices on Oct. 12, increasing the price of the premium plan to $13.99 per month from the current monthly fee of $10.99. In Disney+’s last quarter, it lost approximately 7.7 million subscribers.

Other platforms that have raised prices over the past year include Hulu, Max (formerly HBO Max), Peacock, and Apple TV.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

The Screen Actors Guild-American Federation of Television and Radio Artists, the union for actors, is still on strike, as it hasn’t reached a deal with the major Hollywood studios. The strike comes as the Writers Guild of America strike ended on Sept. 27 after a deal was reached with studios.

Among the deals WGA reached was minimum staffing, which relates to having a certain number of writers per television series. Other deals that were reached included bonuses based on how well a show performs in streaming and protections from artificial intelligence.