Netflix, once a quickly expanding streaming powerhouse, is currently dealing with increased costs for its users. The business recently announced the introduction of ad-supported programs and the prohibition of password sharing. There are now rumors that it also intends to raise the cost of its ad-free membership tiers. The Wall Street Journal said that Netflix is thinking about raising rates in a number of international territories, starting with the US and Canada.
Prices for plans could go up.
Netflix is getting ready to raise the cost of its membership plans once the Hollywood actors’ strike is over. According to news reports, Netflix will introduce significant modifications in a few weeks. The amount of the price increase is still unknown. As of now, Netflix has not answered.
Canceled this plan
The US version of Netflix’s most economical basic plan, which costs $9.99 per month, has been discontinued. A normal ad-free subscription costs $15.49 per month, while an ad-supported plan costs $6.99. These are the only two options the company currently offers.
Financial gain
Netflix, once a rapidly expanding streaming juggernaut, is currently having trouble making ends meet. In recent years, the corporation has made enormous investments in new material, including original television series and motion pictures. To boost sales, the corporation recently stopped providing passwords.
According to Netflix,
new techniques will be used to monitor password sharing. The business will employ a combination of account activity, device ID, and IP address. The US market as well as other international markets are now being affected by this action.
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