Netflix Reportedly Raising Its Rates After Actors Strike—Subscribers, Take Note

Netflix to raise subscription prices

As if cracking down on password sharing wasn't enough to upset Netflix subscribers, the Wall Street Journal reports that a hike in subscription prices may also be on the way after the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) strike reaches a conclusion.

The ongoing SAG-AFTRA strike, which began on July 14, followed the Writers’ Guild of America (WGA) strike, which concluded on September 27th. These strikes have impacted streaming services in several ways, including the cancelation of shows. Now, higher subscription prices could be another result as workers fight for higher wages and greater compensation for streaming shows.

These potential changes in price will likely impact subscribers in the U.S. and Canada with ad-free subscriptions. Earlier this year, the streaming service angered customers by getting rid of its $10 basic subscription plan, adding an ad-supported plan for $6.99, and raising standard add-free prices to $14.49. The premium subscription plan is now a whopping $19.99.

Time will only tell what future prices will look like, but it seems like these hikes are something we're going to have to get used to.

READ MORE: Customers Are Slamming Disney As ‘Overrated’ And ‘Greedy’ After They Announce New Password Sharing Crackdowns