Illustration by Alex Castro / The Verge
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.
As reported by the WSJ, Netflix will raise prices in “several markets globally,” starting with the US and Canada. It’s still not clear how much Netflix will raise prices, and Netflix declined to comment. Netflix raised prices across all of its plans last year, bringing the ad-free Standard tier to $15.49 / month and the Premium plan to $19.99 / month. The company also rolled out a $6.99 / month ad-supported plan and later axed its mid-tier $9.99 / month basic ad-free…