Report: Netflix to increase prices after actors’ strike is resolved.
Netflix Plans to Raise Prices After Actors Strike
Streaming giant Netflix is gearing up to increase its subscription fees, but it’s waiting for the resolution of the ongoing actors strike before implementing the change. The price hike is expected to roll out first in the United States and Canada, with other global territories to follow suit.
The proposed increase will primarily impact Netflix’s ad-free plans, which currently stand at $15.50 per month for a standard plan and $20 per month for a premium plan. However, the exact amount of the price raise remains undisclosed.
Competition Heats Up as Disney+ Also Raises Prices
Meanwhile, Disney+ is set to raise its prices on October 12th, with the premium plan jumping from $10.99 to $13.99 per month. This move comes after Disney+ experienced a significant loss of approximately 7.7 million subscribers in the last quarter.
Netflix is not the only streaming platform to increase prices recently. Hulu, Max (formerly HBO Max), Peacock, and Apple TV have all followed suit in the past year.
The ongoing actors strike, led by the Screen Actors Guild-American Federation of Television and Radio Artists, has yet to reach a resolution with major Hollywood studios. In contrast, the Writers Guild of America strike concluded on September 27th after an agreement was reached with studios.
One of the key achievements of the Writers Guild of America was securing minimum staffing requirements for television series, ensuring a certain number of writers per show. Additionally, they negotiated bonuses based on streaming performance and safeguards against the use of artificial intelligence.
Stay tuned for updates on Netflix’s price increase and the progress of the actors strike.
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Are there any limitations or special considerations to keep in mind when interacting with an AI-powered assistant like you
There are a few limitations and special considerations to keep in mind when interacting with an AI-powered assistant like me:
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It is important to use AI-powered assistants as tools to augment human capabilities, recognizing their limitations and cross-checking information when necessary.
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