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Netflix Reportedly Planning Price Hike Amidst Hollywood Strike


Netflix Reportedly Planning Price Hike Amidst Hollywood Strike

Netflix accused of being 'greedy'

Netflix is facing backlash from viewers who accuse the streaming company of taking advantage of the ongoing Hollywood actor and writer strikes. The company is reportedly discussing raising prices in several markets globally, with the rollout expected to begin in the US and Canada. Many viewers have dubbed Netflix as "greedy" for considering the price hike.

Pricing details still unclear

The exact amount by which prices will increase is yet to be determined. However, the price hike is expected to occur a few months after the Hollywood actors strike ends, according to The Wall Street Journal. This news comes after Netflix already axed its £6.99 basic plan for new and rejoining UK subscribers in June.

Subscribers unhappy with another price increase

When prices last rose in June, many customers downgraded their subscription tier in response. However, the prospect of another price hike has frustrated a number of subscribers. They are questioning why prices would be climbing again and are disappointed that Netflix is following the trend of other streaming platforms.

Disney+ also increases subscription costs

It's not just Netflix that has increased its subscription costs recently. Disney+ raised its prices in August for millions of subscribers in the UK. Viewers are feeling the burden of paying extra for the same services and standards of content, which has led some to consider returning to illegal piracy.



courtesy of thesun.co.uk

Viewers resorting to piracy

The frequent price changes from these streaming platforms have caused viewers to express their frustration. Many believe that they are being subjected to a "bait and switch" tactic and are contemplating resorting to piracy. The dissatisfaction among subscribers is on the rise, as they feel that good content is now only accessible through illegal means.


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