Netflix to raise prices after actors' strike ends

Netflix is planning to raise prices for its streaming service after the actors' strike ends, 

according to a report by The Wall Street Journal. The company has not yet announced the price increase, but it is expected to be around 10%.

Netflix has been raising prices steadily in recent years. In 2021, the company raised the price of its standard plan by $1 to $15.49 per month and its premium plan by $2 to $19.99 per month.

The price increase comes as Netflix faces increasing competition from other streaming services, such as Disney+ and HBO Max. These services offer a variety of popular TV shows and movies, and they are often priced lower than Netflix.

Netflix is also facing increasing costs. The company is spending billions of dollars on original content, and it is also facing higher costs for licensing content from other studios.

The price increase is likely to anger some Netflix subscribers. However, the company is hoping that the increase will be necessary to offset its rising costs and maintain its competitive edge.