Right after the writer strikes came to an end

Netflix Set to Find New Ways to Earn Money, Following Actors’ Strike, and Fans Are Furious

From a DVD rental service provider to becoming a $166 billion worth streaming
platform, Netflix has come a long way. While it served as a hub for numerous
fan-loved movies and shows that led to people cutting their cords, it had its
fair share of criticism as well. The OTT giant has been a subject of
controversies for consumer-related, corporate, and artistic issues. One of its
primary points of criticism is the continual rise in subscription rates over the
years. 

Since the year 2019, the streaming giant has gradually raised its rates dollar
by dollar. It also took several measures to put an end to the practice of
password sharing. Last year, the price for the basic plan went up from a dollar
to $9.99, the Standard plan from $1.50 to $15.49, and the premium plan from $2
to $19.99. Despite the frequent rate escalations, the streaming platform will
once again weigh on the budget of its streamers, according to The Wall Street
Journal report. 
[https://www.wsj.com/business/media/netflix-price-increase-actors-strike-792de9be]

> Netflix reportedly plans to raise subscription prices again
> pic.twitter.com/TamHmMPiHv [https://t.co/TamHmMPiHv]
> 
> — ScreenTime (@screentime) October 3, 2023
> [https://twitter.com/screentime/status/1709235780776808786?ref_src=twsrc%5Etfw]



In July, Netflix CFO Spencer Neumann declared that the Netflix price hikes would
be on pause for one year after the implementation of the paid-sharing program.
However, as per an anonymous source, Netflix will increase the rate of its
ad-free subscription following the conclusion of the SAG-AFTRA strikes. The
streaming platform will reportedly introduce these hikes in the USA and Canada
before implementing them globally. 

ALSO READ: Netflix Announces the Final Season of ‘The Umbrella Academy’ by
Wishing Brellies a ”Happy Birthday”
[https://www.netflixjunkie.com/netflix-news-netflix-announces-the-final-season-of-the-umbrella-academy-by-wishing-brellies-a-happy-birthday/]

This report did not sit well with the Netflix streamers, who were already upset
with the platform for various other reasons. They immediately took to social
media platforms, expressing their dissatisfaction with Netflix.


NETFLIX COULD BE ON THE BRINK OF LOSING ITS CUSTOMER BASE

Ever since the news about a further hike in membership rates surfaced, the OTT
giant has been catching major heat from its subscribers. Users are now
apparently contemplating canceling their membership, and some have already taken
the step. This response was similar to the time when Netflix canceled Warrior
Nun
[https://www.netflixjunkie.com/netflix-originals-canceling-my-netflix-subscription-now-the-internet-denounces-netflix-for-its-treatment-of-warrior-nun-as-the-streaming-giant-cancels-the-drama-series-after-2-successful-seasons/]despite
having two successful seasons. Stirring up backlash one more time, there is a
possibility that this decision might backfire on the OTT giant.  

> I just don’t get it. Makes no sense
> 
> — CinemaBums (@Cinema_Bums) October 3, 2023
> [https://twitter.com/Cinema_Bums/status/1709254076511244693?ref_src=twsrc%5Etfw]



> I cancelled MONTHS ago
> 
> — GTB Tonio (@ToneWritesHitz) October 3, 2023
> [https://twitter.com/ToneWritesHitz/status/1709255844553257105?ref_src=twsrc%5Etfw]



There were many users who pointed out that this decision would lead to an
increase in the culture of online piracy. They shared that many of the
subscribers have already taken their departure from the platform and have been
enjoying the same shows and movies with the help of piracy. 

> Do you want more piracy?
> 
> Because this how you get more piracy.
> 
> — D.Kotei (@headbuttkids) October 3, 2023
> [https://twitter.com/headbuttkids/status/1709257170997702986?ref_src=twsrc%5Etfw]



> They encourage piracy.
> 
> — Emanon (@TessiaEralith7) October 3, 2023
> [https://twitter.com/TessiaEralith7/status/1709236788944924745?ref_src=twsrc%5Etfw]



There were also many users who made a plea for bringing back cable and
boycotting the streaming platforms. Some even predicted that this would mark the
downfall of the multi-billion dollar company. 

> At this point, at of the streaming companies are working together. Can cable
> compete once again?
> 
> — V (@Victorious1118) October 3, 2023
> [https://twitter.com/Victorious1118/status/1709235991939080388?ref_src=twsrc%5Etfw]



> Yup…won't ever be returning smh sad to see the downfall of @netflix
> [https://twitter.com/netflix?ref_src=twsrc%5Etfw]
> 
> — MHCGAMING (@mhcps5) October 3, 2023
> [https://twitter.com/mhcps5/status/1709328603463213543?ref_src=twsrc%5Etfw]



Fans also talked about how Netflix has not been delivering quality content to
make sense of its expensive rates. The platform has been on a roll to delete
fan-favorite movies from its library, giving users more reasons to cancel their
subscriptions. 

ALSO READ: Netflix to Ditch New Productions for ‘Stranger Things’ and
‘Wednesday’, Following Major Studios’ Approach Post-WGA Strike
[https://www.netflixjunkie.com/netflix-hollywood-news-netflix-to-ditch-new-productions-for-stranger-things-and-wednesday-following-major-studios-approach-post-wga-strike/]

What do you think about the hike in Netflix subscription rates? Let us know your
thoughts in the comments below.

Hriddhi Maitra

Comment

Netflix Set to Find New Ways to Earn Money, Following Actors’ Strike, and Fans Are Furious - Netflix Junkie

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Hriddhi Maitra is a Hollywood News reporter at Netflix Junkie. An enthusiastic movie buff, Hriddhi found her true calling when she worked as a Cinema Content Writer at My Cinema Story while analyzing movies objectively, and offering constructive feedback. Coming from a background where she worked in different niches like finance, food, travel, medicines, automobile, and entertainment, we can safely say she is a jack of all trades. With experience writing over 500+ articles, she is willing to pick up entertainment trends, controversies, and their societal impact at Netflix Junkie. Speaking of her love for cinema, The Shawshank Redemption and Crazy Stupid Love is her favorite. Though 'not an avid reader', as in her own words, she likes Jane Austen's Pride and Prejudice. When she is not listening to music or working, you can find her binge-watching a new show or writing a review to be live on her social media.

https://netflixjunkie.com/netflix-news-netflix-set-to-find-new-ways-to-earn-money-following-actors-strike-and-fans-are-furious

Netflix Set to Find New Ways to Earn Money, Following Actors’ Strike, and Fans Are Furious - netflix-junkie

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From a DVD rental service provider to becoming a $166 billion worth streaming platform, Netflix has come a long way. While it served as a hub for numerous fan-loved movies and shows that led to people cutting their cords, it had its fair share of criticism as well. The OTT giant has been a subject of controversies for consumer-related, corporate, and artistic issues. One of its primary points of criticism is the continual rise in subscription rates over the years. 
Since the year 2019, the streaming giant has gradually raised its rates dollar by dollar. It also took several measures to put an end to the practice of password sharing. Last year, the price for the basic plan went up from a dollar to $9.99, the Standard plan from $1.50 to $15.49, and the premium plan from $2 to $19.99. Despite the frequent rate escalations, the streaming platform will once again weigh on the budget of its streamers, <a href="https://www.wsj.com/business/media/netflix-price-increase-actors-strike-792de9be" target="_blank" rel="noopener">according to The Wall Street Journal report. </a>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
Netflix reportedly plans to raise subscription prices again <a href="https://t.co/TamHmMPiHv">pic.twitter.com/TamHmMPiHv</a>
&mdash; ScreenTime (@screentime) <a href="https://twitter.com/screentime/status/1709235780776808786?ref_src=twsrc%5Etfw">October 3, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In July, Netflix CFO Spencer Neumann declared that the Netflix price hikes would be on pause for one year after the implementation of the paid-sharing program. However, as per an anonymous source, Netflix will increase the rate of its ad-free subscription following the conclusion of the SAG-AFTRA strikes. The streaming platform will reportedly introduce these hikes in the USA and Canada before implementing them globally. 
ALSO READ: <a href="https://www.netflixjunkie.com/netflix-news-netflix-announces-the-final-season-of-the-umbrella-academy-by-wishing-brellies-a-happy-birthday/" target="_blank" rel="noopener">Netflix Announces the Final Season of ‘The Umbrella Academy’ by Wishing Brellies a ”Happy Birthday”</a>
This report did not sit well with the Netflix streamers, who were already upset with the platform for various other reasons. They immediately took to social media platforms, expressing their dissatisfaction with Netflix.
<h2>Netflix could be on the brink of losing its customer base</h2>
Ever since the news about a further hike in membership rates surfaced, the OTT giant has been catching major heat from its subscribers. Users are now apparently contemplating canceling their membership, and some have already taken the step. <a href="https://www.netflixjunkie.com/netflix-originals-canceling-my-netflix-subscription-now-the-internet-denounces-netflix-for-its-treatment-of-warrior-nun-as-the-streaming-giant-cancels-the-drama-series-after-2-successful-seasons/">This response was similar to the time when Netflix canceled Warrior Nun </a>despite having two successful seasons. Stirring up backlash one more time, there is a possibility that this decision might backfire on the OTT giant.  
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
I just don’t get it. Makes no sense
&mdash; CinemaBums (@Cinema_Bums) <a href="https://twitter.com/Cinema_Bums/status/1709254076511244693?ref_src=twsrc%5Etfw">October 3, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
I cancelled MONTHS ago
&mdash; GTB Tonio (@ToneWritesHitz) <a href="https://twitter.com/ToneWritesHitz/status/1709255844553257105?ref_src=twsrc%5Etfw">October 3, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
There were many users who pointed out that this decision would lead to an increase in the culture of online piracy. They shared that many of the subscribers have already taken their departure from the platform and have been enjoying the same shows and movies with the help of piracy. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
Do you want more piracy?
Because this how you get more piracy.
&mdash; D.Kotei (@headbuttkids) <a href="https://twitter.com/headbuttkids/status/1709257170997702986?ref_src=twsrc%5Etfw">October 3, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
They encourage piracy.
&mdash; Emanon (@TessiaEralith7) <a href="https://twitter.com/TessiaEralith7/status/1709236788944924745?ref_src=twsrc%5Etfw">October 3, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
There were also many users who made a plea for bringing back cable and boycotting the streaming platforms. Some even predicted that this would mark the downfall of the multi-billion dollar company. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
At this point, at of the streaming companies are working together. Can cable compete once again?
&mdash; V (@Victorious1118) <a href="https://twitter.com/Victorious1118/status/1709235991939080388?ref_src=twsrc%5Etfw">October 3, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
Yup&#8230;won&#39;t ever be returning smh sad to see the downfall of <a href="https://twitter.com/netflix?ref_src=twsrc%5Etfw">@netflix</a>
&mdash; MHCGAMING (@mhcps5) <a href="https://twitter.com/mhcps5/status/1709328603463213543?ref_src=twsrc%5Etfw">October 3, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Fans also talked about how Netflix has not been delivering quality content to make sense of its expensive rates. The platform has been on a roll to delete fan-favorite movies from its library, giving users more reasons to cancel their subscriptions. 
ALSO READ: <a href="https://www.netflixjunkie.com/netflix-hollywood-news-netflix-to-ditch-new-productions-for-stranger-things-and-wednesday-following-major-studios-approach-post-wga-strike/" target="_blank" rel="noopener">Netflix to Ditch New Productions for ‘Stranger Things’ and ‘Wednesday’, Following Major Studios’ Approach Post-WGA Strike</a>
What do you think about the hike in Netflix subscription rates? Let us know your thoughts in the comments below.

Netflix to Ditch New Productions for ‘Stranger Things’ and ‘Wednesday’,
Following Major Studios’ Approach Post-WGA Strike

Netflix Announces the Final Season of ‘The Umbrella Academy’ by Wishing Brellies
a ”Happy Birthday”

HOLLYWOOD, CA &#8211; JULY 14: General views of the Netflix Hollywood campus on Vine amid the historic joint WGA &amp; SAG-AFTRA writers and actors strike on July 14, 2023 in Hollywood, California. (Photo by AaronP/Bauer-Griffin/GC Images)

Hollywood Exteriors And Landmarks &#8211; 2023

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Right after the writer strikes came to an end, Netflix will be increasing the rates of its membership for ad-free streaming

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Netflix Set to Find New Ways to Earn Money, Following Actors’ Strike, and Fans Are Furious

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