Netflix And The Others: A Price Hike After The Strike Is Over!

Netflix already raised its prices a year and a half ago (in North America), but it’s about to do it again…

 

There was already a price hike in March 2022, so Netflix, which is also looking to expand into the gaming industry, has moved relatively quickly to raise prices. The Wall Street Journal reports that Netflix will do the same once the Hollywood strike is over. The Writers Guild of America had already reached a tentative deal with the studios last week, but negotiations with the Screen Actors Guild have resumed and no agreement has been reached between the two sides.

Netflix will officially announce the price increase after the strike is over, and it is not yet known how much it will be, but it will happen in the United States and Canada first, and it is already safe to say that the rest of the world will get the price increases in time, perhaps with the company slowly rolling out the price increases, or maybe it will happen everywhere simultaneously.

Several studios have reached tentative agreements with the Writers Guild of America, and writers will receive higher minimum wages, protection from AI tools, compensation, and additional bonuses. That’s good news for them, so they won’t lose ground to, say, OpenAI’s ChatGPT, which values their work. (That said, AI can’t do such sophisticated work, so the human mind can certainly beat technology in the finer details, and for the better).

Netflix won’t be the only one to resort to this price hike, so no matter what streaming service you subscribe to (we could list them here for days), there will be no exceptions. At least they’re being honest about it, and not just raising prices every year on the grounds of inflation, because unfortunately that can happen too.

Source: WCCFTech

Spread the love
Avatar photo
Anikó, our news editor and communication manager, is more interested in the business side of the gaming industry. She worked at banks, and she has a vast knowledge of business life. Still, she likes puzzle and story-oriented games, like Sherlock Holmes: Crimes & Punishments, which is her favourite title. She also played The Sims 3, but after accidentally killing a whole sim family, swore not to play it again. (For our office address, email and phone number check out our IMPRESSUM)

No comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

theGeek TV