this post was submitted on 03 Oct 2023
1129 points (98.5% liked)
Technology
59607 readers
3413 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
Netflix is planning to increase the cost of its streaming service yet again, according to a report from The Wall Street Journal.
The streamer will reportedly issue the price hike a “few months” after the Hollywood actors strike ends, which could happen in the coming weeks.
Just last week, the Writers Guild of America (WGA) ended its strike and began voting on a contract with major Hollywood studios, including Netflix, that could change the business of streaming.
For example, Netflix, Disney Plus, Hulu, and other services will now have to share streaming data with the WGA under the new contract, allowing writers to see how well their content performed.
Netflix is likely waiting until the end of the strike to raise prices, as hiking up costs when no new content is coming out doesn’t seem like a smart move.
Once both writers and actors are back to work, there will likely be a lot of new shows and movies coming out that Netflix can use to justify the increase.
The original article contains 414 words, the summary contains 169 words. Saved 59%. I'm a bot and I'm open source!