It currently appears that Netflix is expected to raise prices again once the SAG-AFTRA agreement is finalized. The streaming giant plans to increase the price of its ad-free service after the Hollywood actors' strike ends, according to a report in the Wall Street Journal. According to people familiar with the matter, Netflix is discussing raising prices in multiple markets around the world, possibly starting with the United States and Canada.
It's not yet known how much or when Netflix will increase its prices, or whether other streaming services will follow suit.
Current Netflix prices are as follows: Standard package (with ads): $6.99 per month; Standard package (without ads): $15.49 per month (additional membership seats available for $7.99 per month); Premium package: $19.99 per month (additional membership seats available for $7.99 per month).
SAG-AFTRA has been on strike since mid-July, and it's unclear when it will end. The actor resumed talks with the Alliance of Motion Picture and Television Producers (AMPTP) on Monday and will continue on Wednesday.
The Writers Guild reached a tentative agreement with the AMPTP last week after five months of negotiations. Netflix cut the prices of its subscription plans in some countries in February this year. That same month, the company laid out a plan to crack down on password sharing among subscribers, which it rolled out in more than 100 countries in May.