'I'll Gladly Cancel': Customers Livid as Netflix Is Reportedly Increasing Subscription Prices—AgainThe Wall Street Journal reported that price hikes are set to roll out following the actors' strike.
ByEmily Rella•
Key Takeaways
- The Wall Street Journal reported that Netflix is eyeing a subscription price hike in the U.S. and Canada following the end of the SAG-AFTRA strike.
- The company cracked down on password sharing earlier this year.
After the mass crackdown on password sharing, it looks like there's more bad news for Netflix subscribers.
According to an exclusive report from theWall Street Journal, Netflix will once again be raising prices on its members — beginning with the U.S. and Canada — following the end of the SAG-AFTRA strike, which began in mid-July.
Related:Netflix Reveals New Password-Sharing Guidelines
Netflix declined to comment, and it remains to be confirmed how soon the changes will take place and how much the price increase will be on its many tiers.
Naturally, social media was up in arms with the news.
Netflix isn't releasing enough original content to warrant another price increase
— doc by another name?? (@scientistmike35)October 3, 2023
If Netflix raise its price again I'm dead cancelling. You outta your fucking mind. Half that shit is trash, and the other half is old.
— Tidd E. Lover (@NickSoSick)October 3, 2023
Netflix going up in price again? Nah they can keep it. I'll GLADLY cancel.
— E J (@EJayArrow)October 3, 2023
Cancelling my@netflixif they really think they can increase the price again. You'll say it's to pay the writers but then how do you justify the other raise earlier this year? The math ain't mathing babes. ?
— cynthia (@cynthia15298980)October 3, 2023
Quitting@netflixafter the actors strike if they raise their prices ONE MORE TIME! You want to raise it for new members... fine. But being grandfathered in used to mean something. Now your price changes like gas prices! More subscriptions, more money, more problems. Cut, cut!
— Jason (@gear38jh)October 3, 2023
The last time Netflix hiked prices in the U.S. and Canada was inJanuary 2022, up to $15.49 a month from $13.99.
The Writers' Guild of America's strike with major Hollywood studios and streaming services reached a temporary ending last week, and hopes are that the SAG-AFTRA union will follow shortly.
Though the streaming behemoth separated itself from its competitors by not instating a full subscription price increase in 2023, users who were sharing passwords definitely felt the effects of the crackdown that rolled out this past spring — and the strategy worked.
Related:Netflix Is Raising Prices in the U.S.
In July 2023, the companyreported that ithad seen an increase of six million paid subscribers in Q2 of 2023, making its total global subscriber number over 238 million.
As of Tuesday afternoon, Netflixwas upover 56.5% year-over-year.
