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It was not instantly clear how a lot Netflix will increase costs by or when precisely the brand new costs will take impact, in line with the report.
Netflix is planning to lift the value of its ad-free service after the continued Hollywood actors’ strike ends, the Wall Street Journal reported on Tuesday, sending the streaming firm’s shares up greater than 3%.
Netflix is discussing elevating costs in a number of markets globally, however will doubtless start with the United States and Canada, the WSJ reported, citing folks conversant in the matter.
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It was not instantly clear how a lot Netflix will increase costs by or when precisely the brand new costs will take impact, in line with the report.
Netflix declined to touch upon the report.
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Talks between the SAG-AFTRA actors’ union and the Alliance of Motion Picture and Television Producers (AMPTP), which represents the studios, are ongoing, with their subsequent assembly scheduled on Wednesday.
The writers’ union struck a tentative take care of the AMPTP final week after 5 months of failed negotiations.
Netflix minimize costs of its subscription plans in some international locations in February. In the identical month, it laid out a plan to crack down on password sharing by subscribers that was rolled out in over 100 international locations in May.
First revealed on: 04-10-2023 at 09:22 IST
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