Netflix is making its subscription cost higher once more, which is making its viewers upset and causing more people to cancel their subscriptions.
Hollywood Strike and Netflix
The price increase will affect the streaming service without ads, but it won’t happen for a few months. The Wall Street Journal reported this and mentioned that Netflix is waiting for the strikes involving actors and writers to finish before increasing the price.
Many think the price increase will only happen in the United States and Canada, but it might spread to other places in the future. Nobody knows when it will happen, but once the strikes are over, subscribers will need to prepare for the changes.
However, even before the price increase arrives, it’s causing viewers to leave, with many canceling their subscriptions to avoid the higher cost.
Upcoming Price Hike
They are joining thousands who left a few months ago because Netflix has made many changes that have upset viewers. Prices had already increased last year, and there were changes in the types of memberships people could choose.
These changes included plans with ads and a more costly plan without ads, which is similar to how Netflix used to be.
Netflix also became stricter about sharing passwords, so if you share your password, others can’t access the content. This decision wasn’t popular with viewers, but surprisingly, it helped Netflix gain more new subscribers.
Netflix is one of many streaming services trying to make more money because the cost of making new shows and movies is going up, especially if the actors and writers get paid more due to their strike. We don’t know when the price increase will start, but it will probably happen in the next few months.
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