Netflix raising price3/7/2024 Hastings has an unwavering belief that streaming video represented the future of home entertainment. Netflix stock plummets nearly 37 percent. Netflix reports 23.8 million total subscribers, down 600,000 from the 2nd quarter. Netflix reverses itself and kills the Qwikster plan. How much are you willing to pay for Netflix? Or will this next round of price increases finally push you to cancel? Let us know in the comments.įollow Chance: Threads, Twitter, Instagram, and Mastodon.Hastings apologizes for how the price hike was communicated but says Netflix will spin off DVD operations. Hulu ad-free: $17.99 per month (up from $14.99 per month).Hulu with ads: $7.99 per month (unchanged).Disney+ ad-free: $13.99 per month (up from $10.99 per month).Disney+ with ads: $7.99 per month (unchanged).Last month, Disney announced its plans to start cracking down on password sharing, just like what Netflix recently implemented.ĭisney+ and Hulu are also slated to get more expensive starting next week: Streaming services are getting more expensive while simultaneously cracking down on password sharing. If Netflix didn't have so many shows that they just threw money at and then canceled right away before they could properly conclude then I'd be fine with the price increase but so many shows have just been canceled early I can't trust to get invested with a show if its just as likely it will be canceled so I just don't watch Netflix. 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. Netflix is about to get more expensive, starting in the United States and Canada.
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