Netflix Set to Raise Prices Following Actors’ Strike

According to recent reports, Netflix is planning to increase the price of its ad-free service soon after the conclusion of the Hollywood actors’ strike.

Reports indicate that the streaming giant is considering price hikes in various international markets, marking yet another round of increases. Sources suggest that Netflix is likely to initiate these adjustments first in the United States and Canada, though the specific amount and timing remain uncertain.

As streaming platforms seek to boost profitability, it has been estimated that the costs of major ad-free streaming services have surged approximately 25% over the past year. Furthermore, streaming companies are exploring options for introducing new pricing tiers tied to exclusive content, including live sports, while trying to maintain customer loyalty.

Additionally, there are indications that Disney is contemplating the launch of a new live sports tier for its streaming service in markets outside the United States.