Netflix, as well as other streamers, plans a price increase after the SAG-AFTRA strike. It should come as no surprise that Netflix is raising the rate for the ad-free version of its streaming service.
The cost hike is predictable because the streamers must pay the writers and actors more. The wealth needs to keep coming back full circle to the people at the top.
The writer’s strike ended with the guild negotiating a new contract, which included provisions and added benefits concerning how much they earn from streaming.
Actors and writers want money from the art they create, but the studios at the top still want to make the big bucks. The new deal permits the guild to receive a fine bonus if viewership increases.
Of course, there are stipulations since money is at stake, but it is a much better deal than the writers originally had.
Studios Agree to WGA Terms
The studios took their dear sweet time to get there, but they finally agreed to the fair terms of the proposed deal. Since the writers are getting more money, the deal will cost studios a combined $223 million each year for the proceeding three years.
The greedy studios still want to make a hefty profit, so they are coming for your money now. Netflix will see a 0.02 percent raise in out-of-pocket spending.
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Type of site
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OTT streaming platform |
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List
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| Headquarters | Los Gatos, California, U.S. |
| Country of origin | United States |
| Area served | Worldwide (except China, North Korea, Russia and Syria)[3][4] |
| Parent | Netflix, Inc. |
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| Launched | January 16, 2007 |
| Current status | Active |
The streamers are pointing the finger at the WGA and SAG-AFTRA strikes for their “significant” profit loss. Netflix claims that due to the strikes, viewers will need to pay more money to receive the quality content they are used to having.
Interestingly, they are blaming the strikes on their money-grubbing tactics. The writers only demanded their fair share. The studios have been sucking them dry ever since streaming came into the consciousness of the American public.
Actors have also been ripped off by lack of residuals and are still on strike right now. Hollywood will only go back to the way we know it when the actors decide to get back in front of the camera. Without the writers and actors, the studios wouldn’t be making money.
The brilliant writers, actors, and creators of our favorite shows on Netflix were never compensated for their time and talent, and the end result of the strike has rectified some of that.
Netflix Has Three Viable Solutions….
Netflix has three viable solutions to their problem: viewers can pay up and have the commercial-free top-notch contract they crave, viewers can pay a lower amount and have Netflix with commercials, or not pay anything to the streaming service and not have Netflix at all.
Let’s not forget that Netflix blindsided their viewers in May when they cracked down on password sharing. The cool cash they made from that sweet arrangement added a not-too-shabby six million more subscribers.
Not to mention, the writers returning to work means that the actors will soon follow suit. Once that happens, many new shows and movies will likely come out, and that will be enough for Netflix to explain the price hikes.
Netflix is counting on new content to generate fresh viewers and entice the old ones to stick around. Otherwise, you can always watch regular cable TV.
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