Netflix said to look at price hike after actors strike ends
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Netflix (NASDAQ:NFLX) will reportedly look to raise its prices after the ongoing actors strike ends, a development that may be imminent after writers resolved their differences with studios.
Hollywood's actors union is set to restart talks with studios on Wednesday. And Netflix (NFLX) is discussing boosting prices a few months after that, the WSJ
reported.
Such a price increase could come in several markets but would likely start in the home markets of the United States and Canada, according to the report.
Netflix has been the only big streaming company not to raise prices over the past year, as services look to pivot to a profit focus after fighting over market share. Instead, over the past several months Netflix has emphasized boosting its revenue with a crackdown on password sharing.
And next week brings the previously announced increase in prices for ad-free service on Disney (DIS) streaming platforms Disney+, Hulu and ESPN+, while Amazon (AMZN) is adding ads and an ad-free tier to its Prime Video service next year. Disney (DIS) is talking about launching a new live sports tier of Disney+ in markets outside the U.S., according to the report.
Netflix stock (NFLX) was up 1.2% shortly after Tuesday's open, against a broadly lower Communication Services sector.

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