After the mass crackdown on password sharing, it looks like there’s more bad news for Netflix subscribers.
In accordance with an exclusive report from the Wall Street Journal, Netflix will once more be raising prices on its members — starting with the U.S. and Canada — following the tip of the SAG-AFTRA strike, which began in mid-July.
Related: Netflix Reveals Recent Password-Sharing Guidelines
Netflix declined to comment, and it stays to be confirmed how soon the changes will happen and the way much the worth increase shall be on its many tiers.
Naturally, social media was up in arms with the news.
Netflix is not releasing enough original content to warrant one other price increase
— doc by one other name?? (@scientistmike35) October 3, 2023
If Netflix raise its price again I’m dead cancelling. You outta your fucking mind. Half that shit is trash, and the opposite half is old.
— Tidd E. Lover (@NickSoSick) October 3, 2023
Netflix going up in price again? Nah they’ll keep it. I’ll GLADLY cancel.
— E J (@EJayArrow) October 3, 2023
Cancelling my @netflix in the event that they really think they’ll increase the worth again. You will say it’s to pay the writers but then how do you justify the opposite raise earlier this 12 months? The maths ain’t mathing babes. ?
— cynthia (@cynthia15298980) October 3, 2023
Quitting @netflix after the actors strike in the event that they raise their prices ONE MORE TIME! You would like to raise it for brand spanking new members… high quality. But being grandfathered in used to mean something. Now your price changes like gas prices! More subscriptions, extra money, more problems. Cut, cut!
— Jason (@gear38jh) October 3, 2023
The last time Netflix hiked prices within the U.S. and Canada was in January 2022, as much as $15.49 a month from $13.99.
The Writers’ Guild of America’s strike with major Hollywood studios and streaming services reached a brief ending last week, and hopes are that the SAG-AFTRA union will follow shortly.
Though the streaming behemoth separated itself from its competitors by not instating a full subscription price increase in 2023, users who were sharing passwords definitely felt the consequences of the crackdown that rolled out this past spring — and the strategy worked.
Related: Netflix Is Raising Prices within the U.S.
In July 2023, the corporate reported that it had seen a rise of six million paid subscribers in Q2 of 2023, making its total global subscriber number over 238 million.
As of Tuesday afternoon, Netflix was up over 56.5% year-over-year.