© Reuters. Netflix (NFLX) considers raising prices after actors strike ends – WSJ
Netflix (NASDAQ:) is planning to raise the price of its ad-free streaming service after the ongoing Hollywood actors strike concludes, according to the Wall Street Journal.
While specific details of the price increase, including the amount and timing, have not been disclosed, discussions are expected to begin in the U.S. and Canada.
This move follows a broader trend in the streaming industry, where major ad-free services have increased prices by approximately 25% in the past year to improve profitability and encourage users to switch to cheaper ad-supported plans.
Netflix has been one of the few major streaming platforms that did not raise its prices over the past year. Instead, the company focused on increasing revenue by cracking down on password sharing.
The decision to raise prices is likely…
