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Netflix To Raise Prices Again After Hollywood Strike Ends

Another price hike is on the horizon. Streaming service Netflix is bumping the price of its ad-free subscription, first in the U.S. and Canada, before moving globally.

The price hike will reportedly come into effect a “few months” after the Hollywood actors strike ends. It is unclear how much the costs will increase, but based on Netflix’s past increases, it could be anywhere from US$1 to US$2 a month.

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The company last increased the prices across all of its plans in January 2022. The standard plan went up to US$15.49 per month, up from US$14. The premium plan, which enables four concurrent streams and 4K content went up to US$19 a month, from US$18. The company also rolled out a US$6.99 per month ad-supported plan and hid its basic ad-free US$9.99 per month plan.

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Netflix’s continuous price increase is likely to upset subscribers, though the feelings and sentiments of consumers have never stopped the streamer from pushing forward with its plans over the past year.

Netflix recently cracked down on password-sharing, despite the pushback from subscribers. In an attempt to stop password-sharing, the streaming giant limits who you can share your account with to just people in your household.

Disney+ is also following suit. The House of Mouse yesterday announced to its subscribers in Canada that they can no longer share a Disney+ subscription or their login credentials to others outside their household. Violations would risk termination of service.